Time to suspend the recession talk for one more week. From CNNMoney.com’s Unemployment claims down:
WASHINGTON (AP) — The number of laid-off workers filing claims for unemployment benefits fell to the lowest level in seven weeks, an unexpected sign of improvement for the job market.
The Labor Department reported Thursday that new applications for unemployment benefits totaled 311,000 last week, a drop of 9,000 from the previous week.
It marked the lowest level for jobless claims since July 28.
The decline came as a surprise to economists, who had been forecasting a rise in claims of about 6,000.
As I have said before, our day-to-day activities at Select Metrix are showing a robust hiring market.
UPDATE: Maybe I spoke too soon – Research group says economy will lose steam
UPDATE 2: Obviously, way too soon – Holiday retail sales growth could disappoint