U.S. jobless claims are falling -- most recently to a pre-recession level -- but does that mean nothing more than employers are getting to the point where they can’t lay off any more workers?
New weekly claims for unemployment fell last week to the lowest level in four and a half years. Combined with last week's employment report, the claims data provides evidence of a slowly improving job market.
The Labor Department says jobless claims were up by 15,000 last week, to 381,000. But as Richard DeKaser explains, the bigger picture still shows things looking up in the job market.
As the Iowa caucuses approach, we look a little deeper at the economic policies of Republican candidate Mitt Romney. New York is threatening to strip some funding from struggling schools that don't install new systems for evaluating teachers. A hacker collective known as Anonymous stole credit card and other info from security firm Stratfor. And in today's Attitude Check, we look at how approval of Obama's economic policies stacks up to presidents of years past.
In the U.S., Gross Domestic Product revisions are out today, and the hope is that the number will keep improving as long as problems in Europe, and Washington, don't stunt that growth. In one North Carolina town, local business play nice to help each other out during recession. The Lone Star State loses as many as half a billion trees in 2011, and that's not including the wildfires. And in this week's Attitude Check, we look at how Americans are really feeling about the potential payroll tax cut extension.