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dow2664 Federal Unemployment Benefit Claims Review: Unemployment claims dropped lower again in America last week. Fewer Americans are in need of government assistance as the U.S. economy steps forward on its path to sustained recovery. Economic data has skewed towards the positive side of the spectrum recently and America’s economic standing appears to be gaining positive position, especially when viewed with the backdrop of the ongoing debt crisis in the eurozone. According to the government data which posted last session, initial unemployment claims dropped lower by 15,000 to 358,000 last week. This data represented a mark better than that which was anticipated by many economists. This data however countered data which showed that more than 3.5 million Americans filed to continue unemployment benefit claims. This data was a bit stronger than what most economists were anticipating. The unemployment data parallels news stemming from Washington regarding House Senate negotiations pertaining to jobless benefits. Democrats on Capitol Hill proposed extending jobless benefits and cutting the payroll tax by two percentage points. The proposal stalled though as Democrats were unwilling to accept a deal that required Americans to endure drug testing in order to receive the benefits. Genny Germano
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