The number of people seeking unemployment benefits dipped slightly last week, though not by enough to suggest that hiring is picking up.
The Labor Department said weekly applications for unemployment benefits declined 2,000 to a seasonally adjusted 402,000. That's the fourth drop in six weeks.
Still, the four-week average, a less volatile measure, rose to 405,500. The average had fallen to a six-month low two weeks ago.
1 comment:
This just means the hemorrhaging seems to have slowed, but we're still standing around watching the death come nearer as the MSM tries to put lipstick on it.
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