After a string of bad reports, the media finally has hope! Unemployment claims fell below 400,000 last week to 398,000. The media is claiming that this is a sign that the Obama Boom is back!
New U.S. claims for unemployment benefits fell more than expected last week, dropping below the key 400,000 level for the first time since early April, according to a government report on Thursday that pointed to some labor market improvement.
Initial claims for state unemployment benefits dropped 24,000 to a seasonally adjusted 398,000, the Labor Department said.
[….]
It is also a hopeful sign for the economy which has struggled to regain momentum after growth faltered in the first half of 2011.
You have to give it to these poeple, they still have faith!
Tonight at 8pm eastern time, Urban Infidel will have Robert Spencer as her guest on The Urban Infidel Show! Come join us!
Tags: The Obama Boom, The Obama Depression, Weekly Unemployment Claims
