US Claims for Jobless Aid Drop to Lowest Since Mid-April
By Paul Wiseman, AP Economics Writer
http://abcnews.go.com/Business/wireS...april-42612009
"The number of Americans seeking unemployment benefits last week felt to the lowest level since mid-April, another sign that workers are enjoying job security despite sluggish economic growth."
"THE NUMBERS: The Labor Department said Thursday that weekly applications for jobless aid slid by 5,000 to a seasonally adjusted 249,000. The less volatile four-week average dropped 2,500 to 253,500, lowest since December 1973. Overall, 2.06 million Americans are collecting unemployment checks, down more than 7 percent from a year ago."
"Still, the job market remains solid. At 4.9 percent, unemployment is close to what economists consider full employment. Employers have added 204,000 jobs a month for the past year and likely added another 175,000 last month, according to a survey of economists by the data firm FactSet in advance of Friday's release of the September job report."
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Thanks to ABC News for this report.
Imho, That has to be more great news for President Obama since that has happened under his watch! We are certainly hopeful that this trend continues and as the saying goes "Where There's A Will There's A Way!" So, keep hope alive as the will is certainly there.
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