New York (CNN Business)First-time claims for unemployment benefits fell below a million again last week, the Labor Department reported Thursday. This happened before — in early August — before claims reversed course and bounced higher.
Another 881,000 Americans filed initial claims for benefits last week on a seasonally adjusted basis. Normally, the fact that so many people filed for unemployment last week would not be a reason to celebrate. But these are not normal times, and this is another sign that the jobs market is gradually recovering.