The Department of Labor announced that first-time jobless claims remained below the week of January 14 continuing a trend that has been going on for several months. This was the biggest drop in first-time unemployment benefit claims since September 2005 and the lowest first-time claims have been since March 2008.
Additionally, the Census Bureau announced that monthly sales of durable goods in December were up 3 percent, another indication that manufacturing growth is continuing, that’s higher than expected and continues another positive trend.
These reports of continuing improvement in the economy are good news for Obama and the Democrats and bad news for Republicans.
Read more here:
and here: http://www.census.gov/manufacturing/m3/