business news in context, analysis with attitude

The US Labor Department reported yesterday that for the work week ending October 4, new applications for jobless benefits dropped by a seasonally adjusted 23,000 to 382,000, the best showing since February and down markedly from mid-April's high of 459,000.

In addition, new claims for unemployment insurance fell last week to their lowest level in eight months,.

Some analysts believe that this may mean that major employers are easing the rate of layoffs out of a greater conviction that an economic recovery may be in the offing.

According to the Associated Press, the economy actually added jobs in September — 57,000 of them — for the first time in eight month.
KC's View:
We know that we're beginning to sound like the eternal pessimist, but we still have to say that we know too many people who are unemployed - and seemingly without prospects in their chosen, long-term professions - to completely believe the statistics.