Last week, Americans filed for unemployment benefits, and it was less than it has been in awhile.
Jobless claims fell by 11,000 to 448,000. Companies are adding staff as sales improve. The economic expansion that began last year may be sustainable. Stocks climbed better than estimated, another sign of economic recovery.
Now, here’s the bad news. These numbers only track the individuals who are still eligible for unemployment benefits. The week ending April 10th saw an increase in people collecting emergency and extended payments, from 91,000 to 5.4 million. Many people still seek federal aid for unemployment that is not necessarily counted the same in the unemployment rate.