Jobless Claims At 3.5-Year Low

Last week, the number of Americans filing for unemployment fell to a three-and-a-half-year low.

“It looks like we have just hit a clear patch on the road to recovery, where things are going to speed up a little bit,” said Mark Vitner, a senior economist at Wells Fargo Securities in Charlotte, North Carolina…

Initial claims for state unemployment benefits dropped 19,000 to 366,000, the lowest since May 2008, the Labor Department said. That follows on the heels of a report earlier this month that showed the jobless rate hit a 2-1/2-year low of 8.6 percent in November.

By: Alan

Alan Colmes is the publisher of Liberaland.