Fewer people applied for unemployment aid last week, the third drop in four weeks...
The Labor Department shook their magic 8 ball and came up with some numbers - the initial claims for jobless aid dropped by 24,000 to a seasonally adjusted 435,000. Wall Street economists expected a smaller decrease, but what do they know?  Forecasting on Wall Street is just liquor and guessing.
Applications for unemployment benefits do actually provide a real-time snapshot of the job market. They are a measure of the pace of layoffs and signal whether companies are adding jobs.
Way to go Obama. He's keeping his promise of creating jobs... he got jobs for 63 Republicans just last week.