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Cal. jobless claims fall more than 1 million – OCRegister

Cal. jobless claims fall more than 1 million
OCRegister
Unemployment claims in California have plunged this year with nearly 1.1 million fewer claims processed through this October than in the first nine months of 2010, reports the state Employment

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Firing Fades Without Hiring as Obama Pushes Payroll Tax Cuts
San Francisco Chronicle
That explains the wedge between the jobless claims and the unemployment rate." The number of people filing jobless claims per week on average every month dropped to less than 3 percent of the total number of unemployed Americans this year for the first

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Companies aren't firing, but they're not doing much hiring, either
Crain’s Cleveland Business (blog)
While the number of jobless claims is down dramatically, to 393300 in the period ended Dec. 3, unemployment remains high and job creation is still modest. “The pace of hiring is just so much below prior norms,” says Julia Coronado, an economist at BNP

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