Jobless Claims Plunge to Five-Year Low
The number of newly laid-off workers filing claims for unemployment benefits fell to the lowest level in more than five years last week, providing strong evidence that the labor market is shaking off the effects of a string of devastating hurricanes.
The Labor Department reported Thursday that applications for unemployment benefits dropped by 35,000 to 291,000, the smallest number since Sept. 23, 2000, when the economy was in the concluding months of the longest economic expansion in history.
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I wonder how much news this will get.
President Bush gets blamed for everything (including the Mining accident I seen recently), but will he get credit for this also? Will it even make the light of day except on the Blogs?