The Hill: Initial claims for unemployment dropped unexpectedly last week providing another signal that the job market is improving although at a slow pace.
Claims dropped by 37,000 to 404,000 in the week ended Jan. 15 from the previous week’s revised 441,000, the largest drop since February 2010, the Labor Department said Thursday.
The four-week moving average was 411,750, a better gauge than the weekly figures, a decrease of 4,000 from the previous week’s revised average of 415,750.
Small and large businesses have said they would accelerate hiring this year, and other sectors in the economy, such as the manufacturing sector and consumer spending have show positive signs of growth that could propel job creation….
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Graph from here