Bush was President? I guess Obama's trillion dollar stimulus is working after all!


New jobless claims drop to 512K, lowest since Jan.
First-time jobless claims drop more than expected to 512,000, lowest since early January

By Christopher S. Rugaber, AP Economics Writer
On 10:09 am EST, Thursday November 5, 2009
Buzz up! 6 Print
Companies:Johnson Johnson
WASHINGTON (AP) -- The number of newly laid-off workers filing claims for unemployment benefits last week fell to the lowest level in 10 months, evidence that job cuts are easing as the economy slowly heals.


Still, companies are reluctant to hire and economists expect the unemployment rate will tick up to 9.9 percent when October's figure is reported Friday. The jobless rate hit a 26-year high of 9.8 percent in September.