Jobless Claims Drop, Reach 4-Year Low
Meanwhile, consumer confidence is rising
By John Johnson, Newser Staff
Posted Mar 15, 2012 11:37 AM CDT
Dozens of job seekers line up to enter a National Career Fair in New York last month.   (AP Photo/Mark Lennihan)

(Newser) – A bit more good news on the unemployment front: The number of people filing new claims for jobless benefits dropped by 14,000 last week, about triple the figure analysts expected, reports the Wall Street Journal. The total of 351,000 matches a four-year low, notes Bloomberg. The trend seems to go hand in hand with rising consumer confidence, which is at its highest point since 2008.

“There’s a steady, sustained improvement in the labor market,” says one economist. “As more people have jobs, confidence is picking up. This is consistent with pretty solid gains in consumer spending."

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Showing 3 of 23 comments
winterfairy
Mar 16, 2012 4:12 AM CDT
There's nobody left to lay off.
DieselDaWg
Mar 16, 2012 12:40 AM CDT
Meanwhile...back to where the rubber meets the road.... According to an ABC/Washington Post poll conducted March 7-10 and released early this week, Obama’s handling of the economy is strongly disapproved by half of respondents. The key is the word “strongly.” Another 9% voice milder disapproval. Read more: http://www.nydailynews.com/opinion/bam-sinks-polls-article-1.1039677#ixzz1pFsuXexDThis administration can keep pimping out stats on how well they are performing....but it has no basis in the reality many Americans are living.
meanbill
Mar 15, 2012 9:07 PM CDT
A wise-man said it, "The more jobs lost, the less jobs to lose." -- "Those students who never had a job, never had a job to lose." -- "A worthless Harvard Law Degree, could be your ticket, to the Presidency?" -- Oh, if only I had a worthless Harvard Law degree, or maybe get one for the dog, to improve his pedigree. -- Who was that wise-man who said that? -------- REALLY