Jobless claims lowest since 2008

The number of people seeking unemployment benefits dropped by 50,000 applicants to 352,000–the lowest since April 2008

  • close
    Job seekers stand in line at a career fair in San Francisco, Wednesday, Jan. 18, 2012. The number of people seeking unemployment benefits plummeted last week to the lowest level since April 2008, an optimistic sign for the job market.
    Eric Risberg/AP
    View Caption
  • About video ads
    View Caption

I mean, that's the headline - is it not?  Jobless Claims are a noisy number for many reasons but when taken as a trend, they are meaningful and they are leading jobs indicator if not a leading economic indicator.

Sure, it's one piece of the puzzle, but a 3rd grader can understand this concept - less people claiming unemployment benefits is a good thing.

Here's the AP with this morning's report:

The number of people seeking unemployment benefits plummeted last week to 352,000, the fewest since April 2008. The decline added to evidence that the job market is strengthening.

Applications fell 50,000, the biggest drop in the seasonally adjusted figure in more than six years, the Labor Department said Thursday. The four-week average, which smooths out fluctuations, dropped to 379,000. That's the second-lowest such figure in more than three years.

Plenty to dislike out there, but not this.

The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here.To add or view a comment on a guest blog, please go to the blogger's own site by clicking on


We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.