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Jobless Claims Fall Again Showing Signs of a Recovering Economy

Financial News Network
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February 25, 2012 AT 12:58 AM
The Labor Department reported on Thursday, jobless claims numbers didn't change between this week and last, keeping numbers down and seeing the four-week average drop the most in at least four years. The Associated Press reports that so few people - still 351,000, according to the labor department - filed for unemployment benefits last week. Those kinds of numbers haven't been seen since early in the recession, around March 2008. The four-week average also dropped to March 2008 levels, and for the sixth-consecutive week.These numbers are a good sign for the economy, and some economists are saying that February could be another strong month for hires, noting that 243,000 jobs were added in January, which is the most in nine months.