From Pine View Farm

Nothing To Do, Nowhere To Go 0

Still under half a mil. The stimulus may be having an effect. Bloomberg:

The average number of Americans filing first-time claims for unemployment benefits over the past four weeks dropped to 473,750 last week, a one-year low, indicating companies are gaining confidence the economy will recover, figures from the Labor Department also showed today. Initial jobless claims, which are more volatile, unexpectedly rose by 17,000 to 474,000 in the week ended Dec. 5.

I heard on the radio that continuing claims dropped also, but the story left out how many of those folks had simply run out of unemployment compensation. That is a statistic that seems routinely not to make the news, and I’m too tired, after a 250 mile drive today, to go digging.

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