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Daily Economic Update: December 30, 2010
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Daily Economic Update: December 30, 2010

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  • 1. Daily Economic Update December 30, 2010 Good news for the economy. Jobless claims hit the lowest level in more than two years, since July 2008 the Labor Department said today. Claims for the week were at 388,000—falling to a seasonally adjusted 34,000. Jobless claims need to be below 400,000 for job creation to happen at a sustainable level. The report confirms that job creation is happening and the economy is improving. In context, during the height of the recession, jobless claims hit a peak of 651,000 in March 2009. Produced by NAR Research