business news in context, analysis with attitude

The US Department of Labor reported that new claims for unemployment benefits hit their lowest level in 21 months last week.

While there was some speculation that the drop was because of a holiday week in which people were too busy to file, there is an alternative suggestion from analysts that the drop was consistent with recent indicators.
KC's View:
Hate to be either cynical or pessimistic, but it still seems like an enormous number of people we know are out of work or in danger of losing their jobs. It’s hard to take this kind of government statistic too seriously, because we’re convinced the numbers are cooked somehow…

But maybe that’s just us being cynical..