Thursday, March 04, 2010

Thursday Is New Jobless Day

Apparently "only" 469K new lucky duckies is good news.

New claims for jobless benefits fell last week in a sign that layoffs may be easing as the economy slowly recovers.

The Labor Department said Thursday that initial claims for unemployment insurance fell by 29,000 to a seasonally adjusted 469,000. That nearly matches Wall Street analysts' estimates of 470,000.

Monthly jobs report comes out tomorrow. I expect we'll spend a lot of time talking about the weather.