$BTC U.S. Unemployment Claims Take a
Dramatic Dip - but What's the
?Point
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Just when everyone was gearing up for another
round of "the sky is falling" because of job cuts
splashed across the headlines, the U.S. labor
market decided to throw us a curveball. Last
week, fewer Americans than anticipated were
hitting up the unemployment lines, suggesting
that maybe, just maybe, the job scene isn't
headed for a nosedive after all. It's like the labor
market looked at the Federal Reserve's worry
beads over interest rates and said, "Chill, we got
"this
Let's break it down. New claims for jobless
benefits took a plunge-down by 12,000 to land at
a smooth 201,000 for the week that ended on
February 17. Picture the economists' faces, who
had their bets on a higher number, looking like
they just bit into a lemon. And despite some big
names announcing job cuts not too long ago, the
overall claim numbers are lounging at lows we
haven't seen since last fall. It's like the labor
market is that one kid in class who never studies,
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