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.
This is great news!!! Even better news for the President.
Good news for our country...Recovery has been slow and steady in the right direction.
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.
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.
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.
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.
Except in Wisconsin where we have an insane governor. Anyway..OBAMA 2012!
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.
Good, recovery is slow but STEADY!
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.
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....
Well, this is good news!
Good news for nation
Pretty soon Republicans are going to start taking credit for the lower figures.
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.