Unemployment Claims Drop Sharply

You know if this number were reversed, the right wing would be having a field day. Unemployment claims dropped sharply last week, the second week in a row, and the is the second lowest number for claims this year.

Some companies are adding workers. Pharmaceuticals company Novartis AG said Wednesday that it will add 300 new jobs and invest $600 million over the next five years in its research headquarters in Cambridge, Mass. And engine maker Cummins, Inc. said Tuesday that it will expand its headquarters in Columbus, Ind. and add at least 350 jobs by 2012.

The number of people continuing to receive jobless aid also dropped sharply last week, falling by 122,000 to 4.36 million, the [labor] department said. But that doesn’t include an additional group that is receiving extended benefits under an emergency program approved by Congress during the recession.

By: Alan

Alan Colmes is the publisher of Liberaland.