BREAKING: Biggest Drop in Weekly Jobless Claims within the Last Year

The number of Americans who filed requests for jobless benefits fell last week for the first time in a month, down 27,000 to 365,000, the U.S. Labor Department said Thursday.

[link to www.marketwatch.com]

There are no jobs so everyone quit looking and the numbers mysteriously dropped...

BREAKING: US worker productivity fell in 1st quarter by most in a year, sign companies may need to hire -AB

[link to twitter.com]

Jobless claims post biggest drop in a year

New claims for unemployment benefits tumbled more than expected in the latest week, raising hopes that the job market remains on the mend.

The Labor Department said Thursday that seasonally-adjusted claims fell 27,000 to 365,000 in the week ended April 28.

It was the largest weekly drop in claims since May of 2011.

Claims also were at their lowest since the March 31 week and were well below the 380,000 expected by economists.

The four-week moving average gained 750 to 383,500.

The prior week's figure was revised up to 392,000 from the previously reported 388,000.

[link to economywatch.msnbc.msn.com]

Some interesting numbers here...someone please help me understand:

[link to www.ows.doleta.gov] (type in 2009 - 2012)

Summary

Since 2009:

-80,612,000: Total initial jobless claims made (seasonally adjusted)

-128,684,521: Average number of workers in workforce monthly

-62.64%: Percent of total workforce filing for unemployment since 2009 (yes, some individuals may have filed more than once)

-6,838,243: Total decline in workforce

How can the "real" unemployment rate be +/-8.00%+?

i was blackmailed by my last work to not get unemployment.
for me to get the money they owed me i had to give it up. they owed me 40,000 and i was only going to get 15,000 on unemployment. i had to do it. so i am not even on the #er's. i bet there are many others not counted out there.