“heading in the right direction”

Bloomberg: Fewer Americans than forecast filed applications for unemployment benefits last week, indicating the pickup in firings that began in April is abating.

Jobless claims declined by 16,000 to 414,000 in the week ended June 11 … Economists surveyed by Bloomberg News projected 420,000 filings. The number of people on unemployment benefit rolls and those receiving extended payments decreased.

Claims are “still high but it seems we’re heading in the right direction,” said Jennifer Lee, a senior economist at BMO Capital Markets….

….Housing starts in the U.S. increased more than forecast in May, led by a jump in the West as other parts of the country languished. Work began on 560,000 houses at an annual pace, up 3.5 percent from the prior month and exceeding the 545,000 median forecast of economists surveyed by Bloomberg. Building permits, a sign of future construction, also increased.

…The number of people continuing to receive jobless benefits dropped by 21,000 in the week ended June 4 to 3.68 million, the lowest since April 16.

Full article here

2 Responses to ““heading in the right direction””

  1. June 16, 2011 at 1:11 pm

    Do we want to go back to the people who put us in this mess, the people who care more about the rich then the middle class and poor. The ones who sit on the sideline and blame President Obama for lack of jobs, but they show no leadership in producing jobs themselves. Go back to the ones who want to balance the budget on the backs of the middle class, the ones who want to destroy Medicare. I don’t want to go backward unless I’m moonwalking.

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