First-Time Claims For Unemployment At Four-Year Low

Posted by | July 12, 2012 14:33 | Filed under: Top Stories

Submitted by Cheston Catalano

A nice surprise:

About 350,000 people filed for initial jobless claims in the week ended July 7, down 26,000 from the previous week, the Bureau of Labor Statistics said Thursday.

The U.S. lost 4.3 million jobs in President Obama’s first 13 months in office. Track his progress since then.

The figure was a huge surprise, marking the lowest level of claims since March 2008. Economists had been expecting 375,000 claims last week.

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Copyright 2012 Liberaland
By: Cheston Catalano

Cheston Catalano is a Kentucky-based journalist whose work has been featured in the Chattanooga Times Free Press and the Clarksville Leaf Chronicle. He is a long-time contributor to Liberaland.

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