Jobless claims hold at 10-month low

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In the first good news on the unemployment for quite some time the jobless rate has not gone up recently. A government report released today said the number of people applying for unemployment insurance benefits is the lowest it’s been since January. This comes at a time when a brief survey of economists expected that there would be more new claims and the leveling off comes as some welcome news.

Although some experts point to the encouraging news that perhaps the worst is behind us and the unemployment situation is starting to level off,  there are still others who point to the fact that the trend could very well be a result of people whose claims have ended and they are no longer counted as the unemployed.

There was only one state in the union that actually had a decline in the number of people who filed for unemployment in this time period. The claims in Florida actually fell by almost 2000 people and the government their attributes the drop to fewer layoffs in the construction and manufacturing industries there.

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