Unemployment Claims at New Low

Before you go, we thought you'd like these...
Before you go close icon

The Department of Labor announced today that the number of unemployment claims has dropped to a nearly four-year low, welcome news to a market looking to shake off the cloak of a sluggish economy. The Dow (INDEX: ^DJI) did its part by cheerfully taking the hint to climb throughout the morning, fueled in addition by an extremely positive earnings report from Bank of America (NYS: BAC) .

While falling unemployment numbers are a possible precursor to a wave of hiring, it will be a long road back to pre-recession levels. But for now, these new numbers are a pretty solid move in the right direction.

Think I missed something in this illustration? General thoughts on this exercise? Let me know in the comments section below. And if you're on the hunt for more ideas in the year ahead, check out the new report we've compiled named "The Motley Fool's Top Stock for 2012." It details one company set for a bright future, but it'll only be available for a limited time. Just click here to access the report and find out the name of this legendary company.

 

At the time this article was published Fool.com graphics/photo/art editor Dari FitzGerald doesn't own shares of any companies mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners