Weekly Jobless Claims Drop Again

Last week 435,000 peolpe filed first-time claims for unemployment insurance, a decrease of 24,000 from the previous week, the Department of Labor reported today. That’s the lowest level in four months. The four-week moving average, a figure intended to smooth out volatility, fell to 446,500, a decrease of 10,000 from the previous week and, the NYT says, “a level not seen since late 2008.”