New jobless claims slide to 7-month low

[MjolnirTime]

New claims for unemployment insurance dropped to their lowest level in seven months, government data showed on Thursday, raising hopes that hiring may be picking up.
The Labor Department said seasonally adjusted initial claims dropped 5,000 to 388,000, versus the previous week's revised 393,000 figure. The 4-week moving average, widely considered a more accurate measure of labor market trends, was 396,750, a drop of 4,000 from the previous week's revised average of 400,750.
"The U.S. economy continues to show signs of strong momentum. The improvement in claims underscores that the gains in labor market activity over the past few months are being sustained," said Millan Mulraine, a senior macro strategist at TD Securities in New York.

http://bottomline.msnbc.msn.com/_news/2011/11/17/8856371-new-jobless-claims-slide-to-7-month-low

"signs of strong momentum"

:)

[Tarheel_Dem]

1. Let's hope we continue in this direction. Europe still worries me.

:kick:

[Cali_Democrat]

4. Hope

is all we got at this point. Fundamentally, the economy still has some major issues.

[flamingdem]

2. That's some great news

thanks for posting it!

[great white snark]

3. K&R. Good news.