Jobless Benefit Claims

Unemployment benefit applications fall to 9-month low, latest sign of improving job market, Associated Press, December 8, 2011, Washington Post: “A steady decline in the number of people applying for weekly unemployment benefits is the latest signal that the economy has strengthened and businesses may be poised to step up hiring. Applications fell last week fell to a seasonally adjusted 381,000, the Labor Department said Thursday. That’s the lowest level since late February. And a four-week average for applications, which smooths week-to-week fluctuations, fell for the ninth time in 11 weeks to an eight-month low. The downward trend in unemployment benefit applications bolsters the view that the economy has improved from its spring slump, when many feared another recession was likely. Consumer confidence is up, retailers reported a strong start to the holiday shopping season and the unemployment rate fell last month to its lowest point in two and a half years…”