For the first time in four months, the new unemployment claims for the week have fallen below 400,000. This is really good news. The number is still above the 375,000 figure that used to be cited as the level needed to allow for significant job growth, but falling below 400,000 is still a wonderful sign. The weekly figures are quite volatile, so most analysts look at the four week average that remains above 400,000. Still, if the number can decline again next week, we could be in the start of a new trend. That would be wonderful. It would be nice to get some good economic news after all these months of poor results.
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