Jobless claims fall to lowest level since early 2006

[n2doc]

Source: Reuters

The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/2 years last week, suggesting the labor market recovery was gaining traction.

Initial claims for state unemployment benefits declined 19,000 to a seasonally adjusted 284,000 for the week ended July 19, the Labor Department said on Thursday.

That was the lowest level since February 2006, and confounded economists' expectations for a rise to 308,000.

The prior week's claims were revised to show 1,000 more applications received than previously reported.

Read more: http://www.reuters.com/article/2014/07/24/us-usa-economy-employment-idUSKBN0FT1KT20140724

[Botany]

1. Well only one thing for John Boner to do and that is to sue President Obama

[hobbit709]

2. Is there anyone left to lay off that is eligible to collect unemployment?

[JoePhilly]

4. I knew this had to be bad news, just wasn't sure why.

[rhett o rick]

3. Seems like good news unless the jobs pay below the living wage. nm

[Orsino]

5. Yay! Bush-era unemployment!

Goodish news, but talk about lowering our expectations.