Initial Jobless Claims Fall to 404,000
January 20, 2011 at 10:16 AM EST
This morning’s weekly update on new jobless claims delivers a refreshing reversal of last week’s surge in filings for unemployment benefits. New claims on a seasonally adjusted basis dropped by a hefty 37,000 last week, more than erasing the revised 30,000 jump for the week through January 8. That puts us back within shouting distance [...]