New unemployment numbers issued by the Federal government on Wednesday show a slowing in new jobless claim applications. Initial claims for the week ending Nov. 21st were a seasonally adjusted 466,000, down from a revised 501,000 in the prior week. This is the lowest level in more than a year.

Is the recession over? If you look at the figures released today which focus on GDP and retail, you might say yes. If you look at unemployment numbers, you might say no.

There is a good sign that U.S. employers are not willing to let their employees go. The number of newly unemployed people who used the unemployment insurance in the United States fell sharply last week, the Labor Department reported reported this morning. The agency noted that initial jobless claims, the applications for unemployment benefits, fell to a seasonally adjusted 550,000 for the week ending August 1. The figure is compared with 588,000 the previous week.

Several pieces of economic data have hit the tape this morning worth mentioning, most of them pointing to a slowdown in the rate of deterioration in the economy. The good news is that Jobless claims sink by 24,000.

Showing that economists may be no better than weathermen at forecasting, the Labor Department figures for weekly jobless claims dropped 14,000 to 631,000 last week. Economists had predicted a rise.

A professional man, named Paul Nawrocki made to the top page of CNN because of his unique way of seeking for a job.

U.S jobless claims shot up to its highest level in five years with first-time claims of up to 448,000.This unusual surge has been blamed on a new law which extends the number of weeks unemployed U.S. workers can collect jobless benefits.