Thursday, April 21, 2005

Employment Continues to Improve

More good news the left will undoubtedly choose to ignore.

WASHINGTON (Reuters) - The number of Americans claiming initial jobless benefits plunged 36,000 last week, the largest drop in more than three years, the Labor Department said on Thursday, pegging the drop partly on difficulties calculating seasonal adjustments.

New claims for state unemployment insurance benefits fell to 296,000, the lowest level since early February and the largest one-week drop since 73,000 in early December 2001, the department said.

The closely watched four-week moving average, viewed by economists as a more reliable gauge of labor trends because it irons out fluctuations in the volatile weekly data, fell to 330,250 last week from 338,750 in the week ended April 9.

Liberals will say this is all do to the unemployed committing suicide.

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