Fall in US jobless claims brings hope
From the FINANCIAL TIMES:
Fewer US workers made first-time claims for jobless benefits last week, giving hope that accelerating economic growth would soon translate into job creation, official figures showed on Thursday.
Initial jobless claims fell by 11,000 to 448,000, according to the Department of Labor. Analysts were hoping for a bigger fall, but the decline brought claims to the lowest level in a month.
However, the less volatile four-week average of jobless claims remains elevated and rose last week by 1,500 to 462,500. Economists argue that claims need to fall to the low 400,000 level before US employers will begin adding consistently to payrolls…
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