Thursday, February 17, 2005

And about that economy thing...

The number of Americans claiming initial jobless benefits fell unexpectedly by 2,000 last week to the lowest level in more than four years as the U.S. labor market continued to strengthen, a government report showed on Thursday.
First-time claims for state unemployment insurance aid dropped for the third consecutive time, to 302,000, in the week ended Feb. 12 from 304,000 in the previous week, the Labor Department Said. It said there were no special factors to account for the drop in claims.
Last week's decline marks the lowest level since October 2000, before the economy tipped into recession.


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