Jobless Claims Fall To 305,000, Near 6-Year Low

[Purveyor]

Source: Associated Press

WASHINGTON — The number of Americans seeking unemployment benefits fell 5,000 last week to a seasonally adjusted 305,000, the second-lowest level in six years. Steady declines in applications show that very few companies are laying off workers.

The Labor Department said Thursday that the less volatile four-week average declined 7,000 to 308,000, the lowest since June 2007.

All states reported their first-time applications on time, a department spokesman said. Applications plummeted three weeks ago because computer upgrades in California and Nevada prevented them from fully reporting their data. Those states have cleared their backlogs, the spokesman said.

"Based on these figures, the labor market is getting better, albeit at a modest pace," Joseph LaVorgna, chief US economist at Deutsche Bank.

Read more: http://www.usatoday.com/story/money/business/2013/09/26/jobless-claims-employment/2867339/

[JoePhilly]

1. Hey Ted .... Thanks ObamaCare!!

[hrmjustin]

2. This is good news.

[Scurrilous]

3. Thanks.

K & R

[Turbineguy]

4. Repubs have a plan to fix that.

They think 750,000 is better.

[UncleTomsEvilBrother]

5. Yea, but...

...this is only because some people have stopped looking for work. (Isn't this a required statement for all threads about jobless claims falling?)

[Andy823]

6. Just think

How much better would things be now if the republicans had not been obstructing everything the president wanted to do since he was elected and took office? How many more jobs would there be? How much better would the economy be? The do nothing republican congress needs to go!