MSNBC.COM - The U.S. labor market got some upbeat news Thursday, a day ahead of a
crucial monthly jobs report from the government that is likely to be
one of the last chances President Barack Obama has to prove the economy
is improving before the November election.
New claims for unemployment benefits dropped to the lowest level in six weeks, a Labor Department report showed, in a sign that layoffs may be easing.
report said that initial claims for unemployment insurance tumbled by
14,000 to a seasonally adjusted 374,000. The four-week moving average, considered a more accurate gauge of job market trends, shed 1,500 to 385,750. click here to read more