Finally – Good News on Jobs

We are finally getting good news on the employment front.  As you can see from the chart, new jobless claims have been declining for the last seven weeks.   According to this CNN Money article, for the first time since the recession began in 2007, more employers are planning to add jobs in the next six months, compared to the ones planning to eliminate them.

We have already seen other signs of recovery in industrial production and housing, but not yet in employment.  So this development is very significant.