US finds rapid drop downs in unemployment claims

As this week comes to an end, the jobless claims that had taken to newer heights in the beginning of April have finally dropped down and the catch- it is better than ‘expected’ (487k). Numbers have decreased from 34k to 473k. These numbers put the markets at par with the month of March, last year.

Situation was seen getting a lot better last week when the claims went down by 45k and landed to 3655k. It is said to be the consequence of the dents in the employment spree- Employers are facing trouble getting applicants for the job.