The oft used Demcrat talking point "jobless recovery" has been replaced by "culture of corruption"mantra. Wonder how long it will take for that charge to also be proven a lie.
WASHINGTON (MarketWatch) -- First-time claims for state unemployment benefits plunged by 36,000 to a seasonally adjusted 271,000 in the week ending Jan. 14, the Labor Department said Thursday.
This is the lowest level since mid-April 2000. Read the full report.
The four-week average of new claims fell by 12,000 to 299,000 last week, the lowest since mid-October 2000.
The drop was unexpected. Economists were expecting an increase in initial claims to about 317,000.
Claims in the previous week were revised to an increase of 15,000 to 307,000 compared with the initial estimate of a 17,000 gain to 309,000.