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Thursday, December 03, 2009

New jobless claims fall unexpectedly to 457K

By CHRISTOPHER S. RUGABER (AP) – 2 hours ago

WASHINGTON — The tally of newly laid-off workers seeking unemployment benefits fell unexpectedly for the fifth straight week, a hopeful sign that the job market is slowly improving.

Bruce Note: This kind of logic is staggering. At some point, when everyone is unemployed, there will be no new jobless claims! Would that be considered an economic victory or an improvement?

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