Initial jobless claims fall to 466,000, lowest since September 2008

[DrToast]

The number of Americans filing claims for unemployment benefits fell last week to the lowest level since September 2008 as the economic recovery encourages companies to fire fewer workers.

Initial jobless claims declined to 466,000 in the week ended Nov. 21 from 501,000 a week earlier, Labor Department figures showed today in Washington. The number of people collecting unemployment insurance dropped in the prior week, while those getting extended payments also declined.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aDkGkxyKlDVk&pos=2

A lot of people are extremely pessimistic for the 2010 elections, but with job growth likely resuming within the next couple of months, I think people are too bearish.