Best News for Unemployment Benefits

Happy Thursday, which means we’ve got to talk about the current state of the US economy and unemployment rates across America in this week’s jobs report from our friends over at the Department of Labor.

For the 6th week in a row, this week’s jobs report displayed amazing news for the economy, as the actual unemployment figures were even lower than last week’s record-breaking numbers, and beat out the estimates of those economists at the DOW Jones.

The weekly report showed that 444,000 Americans filed their first-time unemployment claims, which is significantly lower than the previous week’s 478,000 revised initial claims, and also lower than the 452,000 first time claims predicted by the economists.

PNC chief economist Gus Faucher explained: “the steady decline in initial unemployment insurance claims over the past few months, as well as other UI data, suggest that the April report understated the improvement in the labor market.”

It’s great to see these weekly unemployment numbers dropping for a 6th straight week, and I hope we can continue reporting the best news each week as the numbers continue to fall.

Meanwhile, with more and more states pledging to end their extended enhanced…