So I was doing my daily surfing for news stories of interest to myself and some friends when I started seeing the current week Jobless Reports. CNN reported it with this headline:
Jobless claims down for 3rd straight week
But then the lede is:
NEW YORK (CNNMoney.com) -- The number of Americans filing initial claims for unemployment insurance fell for the third straight week, according to weekly government data released Thursday.
There were 444,000 initial jobless claims filed in the week ended May 1, down 7,000 from a revised 451,000 the previous week, according to the Labor Department's weekly report.
Maybe it's just me, but I don't see a whole lot to be cheering about with this, although it appears, the TradMed is reporting it as a sign the economy is getting better. I guess in some fashion, fewer folks being laid off is a positive but we're still talking over 440K people losing their jobs last week.
The numbers for continuing unemployment claims also seems to be nothing to brag about:
