Since the fiscal turn around is tied to the employment figures,  any good news on the labor scene is good news.  While this is a step in the right direction, we'll have to see what the next few months tell us.

 

 

NEW YORK (CNNMoney.com) -- The number of Americans filing for initial unemployment insurance fell sharply last week, according to government data released Thursday.

There were 440,000 initial jobless claims filed in the week ended Feb. 6, down 43,000 from a revised 483,000 the previous week, the Labor Department said in a weekly report.