[SniperSB23]

Originally Posted by Riot

Right - I found what I read, it referred not to jobless numbers, but rather to unemployment insurance claims:

FoxNews today:

"The Labor Department said the total unemployment insurance rolls fell by 148,000 to 6.69 million in the week ending June 6, the largest drop in more than seven years. The decline is a sign that layoffs are easing."

"The drop also breaks a string of 21 straight increases in continuing claims, the last 19 of which were records. A dip in continuing claims several weeks ago was later revised higher."

"The four-week average of claims has dropped by about 40,000 from nearly 659,000 in early April, its peak for the current recession."

Even if you are talking about claim counts you are using last weeks data. Here is today's release for the week ending June 13h which shows initial claims are up. Continued claims are down but nothing should be read into that because people exhausting benefits are no longer in the continued claims count.

http://money.cnn.com/2009/06/18/news...ion=2009061809