Initial Jobless Claims Resume Their Downtrend

The latest jobless claims show how volatile the weekly data can be. The previous week’s seasonally adjusted increase of 28,000 was followed by the latest week’s drop of 17,000 to 421,000, much better than expected. Continuing c…

Jobless Claims Fall More Than Expected

Initial jobless claims fell more than expected last week.

Claims dropped 17,000 to 421,000 in the week ending Dec. 4, the Department of Labor said. The revised figure for the previous week was 438,000.

A survey of analysts by Reuters forecast claims…

Obama Launches a Vigorous Defense of His Tax Agreement

The president bristled at criticism of his compromise with the GOP: “This isn’t an abstract debate,” the president said. “This is real money for real people that will make a real difference in the lives of the folks who sent us…