Some good news on the jobs front this morning. First time unemployment claims have dropped to a 4-year low. Just imagine where we’d be if the Republicans would give up their stupid Obama Derangement Syndrome and pass his jobs bill.
After weeks of disappointing labor market data, job seekers got a sign Thursday that employment hasn't flatlined.
The Labor Department reported that new claims for unemployment insurance dropped to a four-year low in the latest week. So-called jobless claims declined by 26,000 to 350,000, the lowest level since March 2008.
The decline in the weekly number was much larger than economists had expected, suggesting that while employers aren't hiring like gangbusters, they at least aren't doing mass layoffs either.