Bad news for Dems

AP via Houston Chronicle:

The number of laid-off workers filing new claims for unemployment benefits fell for a third straight week, dropping to the lowest level in more than four years, the Labor Department reported today.

A total of 302,000 Americans filed applications for jobless benefits last week, down by 2,000 from the previous week on a seasonally adjusted basis. The level was the lowest since Oct. 28, 2000, in the closing months of the country's record 10-year long economic expansion.

The decline in jobless claims caught analysts by surprise. They had been forecasting an increase of around 12,000, reflecting a predicted bounce up after the impressive declines of 9,000 and 12,000 in the previous two weeks.


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