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The broadly watched indicator of initial jobless claims for unemployment for the week ending January 2nd came in at 434,000.  The four week moving average is at its lowest level since September of 2008.  The highest was 674,000 in March of 2009 which was a 26 year high.  Some economists are saying that if this goes much lower, the economy should start adding jobs on a net basis.

Allen

Link:

http://www.businessweek.com/news/2010-01-07/u-s-initial-jobless-claims-rose-1-000-last-week-to-434-000.html