Unemployment-claims data signal job gains are near
By The Associated Press
This article was published January 7, 2010 at 11:09 a.m.
WASHINGTON — A government report Thursday on claims for unemployment aid signaled that layoffs are easing and that the economy could be on the verge of posting the first monthly gain in jobs in two years.
The number of people claiming unemployment benefits for the first time barely rose last week, after falling to its lowest level since July 2008 the previous week. And the four-week average of claims fell for the 18th straight week to 450,250. That figure has reached its lowest point since September 2008, when the financial crisis intensified with the collapse of Lehman Brothers.
The four-week average of first-time claims is nearing the roughly 425,000 that many economists say would be a sign the economy will start creating jobs.
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