True Lies

November 12th, 2009

Lies Lies Lies

Boobberg- Fewer Americans than anticipated filed claims for jobless benefits last week, signaling the worst employment slump in the post-World War II era is easing as the economy expands.

Marketwretch- The number of people filing initial claims for state unemployment benefits fell by 12,000 to a seasonally adjusted 502,000 in the week ended Nov. 7, the Labor Department reported Thursday.

That’s the fewest initial claims since early January. Initial jobless claims have hovered above 500,000 for 52 straight weeks, as the unemployment rate has climbed to a 26-year high of 10.2%.

AP — New claims for unemployment insurance fell more than expected last week, evidence the job market is slowly healing as the economy recovers.

Rhoiders- The number of U.S. workers filing new claims for jobless benefits last week fell to the lowest level since January, the government said on Thursday, showing the hard-hit labor market may be slowly improving.

Initial claims for state unemployment insurance dropped to 502,000 in the week ended November 7 from a revised 514,000 the prior week. Analysts polled by Reuters had expected claims to slip to 510,000 from an initially reported 512,000.

“It shows that companies are cutting jobs at a slower pace than during the financial crisis,â€