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Thursday, October 8, 2015

Jobless Claims Plummet -- Lowest Level Since .... This Summer -- October 8, 2015

Wow, lowest level since mid-July. A few months ago. Whatever. BloombergBusiness is reporting all is well with the world:
Filings for unemployment benefits in the U.S. declined last week to the lowest level since mid-July, extending a run of applications near decade lows that shows dismissals remain in check.

Jobless claims fell by 13,000 to 263,000 in the week ended Oct. 3, the fewest since July 18, a Labor Department report showed Thursday. The median forecast in a Bloomberg survey called for 274,000 applications.
Last week's figures were revised downward another 1,000 applications, from 277,000 to 276,000.

The four-year average dropped to 267,500, the lowest since first of August (270,500) about two months ago.

The story does not mention the horrendous jobs report from last Friday.

Thank goodness everything is back on track. 

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