Friday, December 31, 2010

New Unemployment Claims Fall

The New Unemployment Claims number is usually one of the last indicators to start improving after a recession. But once unemployment claims start to fall, job growth and strong economic expansion are never far behind.

And today, New Unemployment Claims finally broke through the critical 400,000 level for the first time in 2 ½ years.

That's an incredibly bullish sign for investors. It means 2011 is likely to be a very good year for stocks as Americans start going back to work and consumer growth picks up.

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