Jobless Claims Drop To Lowest Level In 4 Years

By: KKTV/AP
By: KKTV/AP

The positive news about the economy continues, as the Labor Department announces Thursday that the number of people seeking unemployment benefits falls to its lowest level in four years.

This is the fourth drop in five weeks. The average has fallen nearly 13 percent in the last year, an indicator that hiring is increasing while fewer are being let go.

The number of unemployment applications has fallen to 365,250, well below the 375,000 threshold experts say signals hiring is strong enough to lower the unemployment rate.

This comes as Democrats and Republicans reach a deal that will extend jobless benefits, which had been set to expire March 1.

Experts say that while the economy is growing--very slowly--in the right direction, the national workforce still has a ways to go in order to reach pre-recession levels.


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  • by Common Sense Location: C/S on Feb 18, 2012 at 07:59 AM
    People no longer believe the BS numbers that Washington puts out. It will show come election time too.
  • by Kathy Location: Burns, Oregon on Feb 16, 2012 at 12:55 PM
    I find it funny that every time there's a political election going on they're saying that unemployment claims have dropped. Maybe it's because there are a lot of people like me out there that don't qualify for or can't get benefits anymore. We'd rather see people homeless or going with out before we step in and do something. Instead of publishing things like this article go to find out why it dropped.
  • by Kathy Location: Burns, Oregon on Feb 16, 2012 at 12:55 PM
    I find it funny that every time there's a political election going on they're saying that unemployment claims have dropped. Maybe it's because there are a lot of people like me out there that don't qualify for or can't get benefits anymore. We'd rather see people homeless or going with out before we step in and do something. Instead of publishing things like this article go to find out why it dropped.
  • by bron on Feb 16, 2012 at 08:00 AM
    Yeah, I'd take this with a big grain of salt. Favorable job-related numbers are to be expected just before an election, especially with the current administration.
  • by Nath Location: Colo Spgs on Feb 16, 2012 at 07:20 AM
    Government departments use various questionable methods and gimmicks to report numbers. For instance, the Labor Department uses the U3 scale to report unemployment instead of the much more accurate U6 scale, which runs about double the U3 figures. That means the real unemployment figure is more like 17%, not 8.3%. Then on reporting inflation, food and fuel were dropped from the equation a couple of years ago, but anyone who shops for groceries or gases up the car can tell you the government's numbers are false. Gasoline for instance has gone from about $1.87 in January 2009 to more than $3.09 now. Just remember, this is an election year and things are going to be painted with a "rosy colored brush" all the way through November. Don't get suckered by false information.
  • by Colo Location: C.S. on Feb 16, 2012 at 06:59 AM
    MSN reporting that more retail stores are closing. The report stated as well that the last decade has been the worst ever for retail business'...ah yes, jobless claims drop and just in time for the upcoming election.
  • by XXX Location: Colospgs on Feb 16, 2012 at 06:39 AM
    some of my co-workers have quit their job because the money they make kicks the off welfare and they dont wanna lose their "benefits" some of these ppl were make 12-15/hr. some ppl simply just dont wanna work and think the entitled to getting everything for FREE!!
  • by Statistics on Feb 16, 2012 at 06:25 AM
    This is very misleading...if that's the case...why are electronic benefit transfers (EBTs and food stamps) show historically rising. This tells you two things. People are employed but aren't making enough to sustain their families OR they stopped collecting unemployment and because laborers of the informal economies. The future will tell which one it is.
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