Jobless Claims Drop to Two-Year Low. Can We Believe It?
December 30, 2010 at 11:58 AM EST
The year’s economic news is ending on a high note, or at least a relatively encouraging note. Initial jobless claims declined by a hefty 34,000 last week to a seasonally adjusted total of 388,000. That’s the first reading under 400,000 since the summer of 2008. Is it real? Maybe, although the timing raises some doubts. [...]