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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (30457)	5/13/2010 9:35:46 AM
From: Hope Praytochange	Read Replies (1) \| Respond to of 103300

Major indexes had rallied sharply Wednesday as traders returned their focus to the domestic economy as worries about debt problems in Europe began to ease. But Thursday's unemployment claims report was disappointing. The Labor Department said that first-time claims for jobless benefits dipped to 444,000 last week from an upwardly revised 448,000 the week before. Economists had expected claims to drop to 440,000. While a fourth straight weekly drop in claims is a positive sign, claims have not dropped far enough yet to signal sustainable job growth. Economists estimate weekly initial claims need to fall below 425,000 to show employers are consistently adding new workers. Claims have stalled around the 450,000 level this year. High unemployment remains a primary obstacle to a strong recovery. The unemployment rate jumped to 9.9 percent last month, even though employers added 290,000 jobs. Investors will want to see consistent monthly job growth and weekly drops in claims to become more confident that the labor market is significantly improving.