Jobless claims: Lowest level in nearly 4 years
January 19th, 2012
10:03 AM ET
3 years ago

Jobless claims: Lowest level in nearly 4 years

New York (CNNMoney) – Initial jobless claims fell to their lowest level in nearly four years, another sign of improvement in the long-suffering labor market.

The Labor Department reported that 352,000 people filed for initial unemployment benefits last week, down sharply from a revised reading of 402,000 claims in the previous week. It is also the fewest number of people filing for jobless claims since the week ending April 19, 2008.

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Filed under: CNNMoney.com • Economy • Jobs
soundoff (15 Responses)
  1. GROVER NORQUIST IS A ENEMY OF THE STATE

    This is great news!!! Even better news for the President.

    January 19, 2012 10:10 am at 10:10 am |
  2. American

    Good news for our country...Recovery has been slow and steady in the right direction.

    January 19, 2012 10:11 am at 10:11 am |
  3. Stop the Charade

    More bad news for the GOP. Maybe they can spin it by saying that all of the corporate money they have received has allowed them and their "unaffiliated" PACS to hire a lot of people so things are a lot worse than we realize and only one of the army of fools that they are running for office can somehow save us.

    January 19, 2012 10:15 am at 10:15 am |
  4. rs

    This is really bad news for Republicans who were hoping to keep the economy in the tank as a possible vote getter. Now not only is the economy improving, but they may have to explain their complete lack of activity on (if not subversion of) the economy.

    January 19, 2012 10:16 am at 10:16 am |
  5. informed voter

    Americans would be fools to elect anyone other than President Obama. His successes both on foreign policy and domestic affairs are irrefutable. 22 months of jobs growth, health care for millions of previously uninsured Americans, saved the American auto industry, killed Bin Laden, removed corrupt leaders in Egypt and Libya without starting another war, ended DADT, are just a few of his accomplishments, even in the face of the most hostile Congress in modern history. Only in the upside-down, irrational world of the right wing crazy, can Obama's first term be viewed as a failure. Smart, sane Americans will vote for the only logical choice: Obama 2012, seriously.

    January 19, 2012 10:17 am at 10:17 am |
  6. Expat American

    Thank God for John Boehner and the Republicans….for doing absolutely nothing to cause these gradually improving conditions….I hope 2012 brings us even more do-nothing liars and criminals who intend on doing even less.

    January 19, 2012 10:23 am at 10:23 am |
  7. chuck

    Except in Wisconsin where we have an insane governor. Anyway..OBAMA 2012!

    January 19, 2012 10:59 am at 10:59 am |
  8. jilli

    Good!! Despite the republicans best efforts to stall the recovery, it isn't working. This nation is recovering – and no thanks to republicans – from the greatest fiscal disaster since the depression.

    January 19, 2012 11:06 am at 11:06 am |
  9. SafeJourney

    Good, recovery is slow but STEADY!

    January 19, 2012 11:10 am at 11:10 am |
  10. Truth and Nothing But the Truth

    Now that so many people have dropped out of the labor force, there should be less competition for the jobs out there. It'll be interesting to see if these numbers stick over a month or two. Or if people start coming back into the labor force.

    January 19, 2012 11:20 am at 11:20 am |
  11. Barbara Hellman

    You are crazy.............. Unemployment has not changed – Look at all of the people Brian Frons has put in the unemployment line.......... Get your numbers correct....

    January 19, 2012 11:24 am at 11:24 am |
  12. Fair is Fair

    Well, this is good news!

    January 19, 2012 11:25 am at 11:25 am |
  13. vic , nashville ,tn

    Good news for nation

    January 19, 2012 11:27 am at 11:27 am |
  14. Rudy NYC

    Pretty soon Republicans are going to start taking credit for the lower figures.

    January 19, 2012 11:32 am at 11:32 am |
  15. Mikey

    These are the times I am happy that the GOP has done virtually nothing to help with the jobs market since taking control of the House in 2010. There is no way they can take credit for the improvement which then goes primraily where it belongs, President Obama and the Democrats.

    This should be no surprise. A review of U.S. economic performance by president over the past 50 years clearly shows we are better off with Dems in the WH.

    January 19, 2012 11:34 am at 11:34 am |