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Politics : Liberalism: Do You Agree We've Had Enough of It?

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From: Kenneth E. Phillipps12/15/2011 8:53:15 AM
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Initial claims fall to lowest level since May 2008

NEW YORK (CNNMoney) -- Fewer Americans filed for their first week of unemployment benefits last week. So few in fact, that the number of initial claims fell to its lowest level since May 2008.

About 366,000 people filed initial jobless claims in the week ended Dec. 10, the Labor Department said Thursday. That was a decrease of 19,000 from the prior week.

It also marked the lowest level since April 2008 and may be a welcome sign that the unemployment rate could come down further in December. Economists often look for the weekly tally to stay below 400,000 to signal that job growth is strong enough to lower the unemployment rate, which is currently at 8.6%.

money.cnn.com
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