From DailyFinance.com:
“Encouraging news on the employment front, as new unemployment claims plunged 43,000 to 440,000 for the week ending February 6, the U.S. Labor Department announced Thursday. It was the largest decline in initial jobless claims since July 2009.
“Economists surveyed by Bloomberg News had expected jobless claims to fall to 467,000…
“The key takeaway from this week’s employment data is the large decline — 43,000 — in initial jobless claims. That suggests that the labor market is starting to turn. Another sign of recovery is that the increases in state-level weekly unemployment claims are getting smaller and smaller: this week, Pennsylvania was the only state to post a more than 10,000-claim increase.”
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