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Author: eatenbybears Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1976312  
Subject: unemployment aid applications decline to 366K Date: 2/7/2013 9:04 AM
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The gears of capitalism turn with success in lowering Unemployment.

Bears

WASHINGTON — Fewer Americans sought unemployment benefits last week, indicating companies continue to hire at a modest but steady pace.

The Labor Department said Thursday that weekly applications for unemployment benefits fell 5,000 to a seasonally adjusted 366,000.

The four-week average, a less volatile measure, dropped to 350,500, the lowest in nearly five years. The average is low because of seasonal factors, which reduced applications sharply last month.


http://www.nbcnews.com/id/50730141
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