Friday, May 9, 2008

Jobless claims post sharp decline

WASHINGTON -- The number of newly laid off workers seeking unemployment benefits dropped much more than expected last week. The Labor Department reported Thursday that applications for unemployment benefits fell to 365,000, a decline of 18,000 from the previous week. Economists has been looking for a much smaller decrease of around 5,000.

[thing are horrible. I mean, when even a recession can't show up on time - what the heck is the country coming to?]

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