Jobless Claims Fall

We finally had a week of falling jobless claims. This breaks a streak of 21 straight weeks of higher claims; 19 of those weeks were records. I don’t know if folks are finding jobs or if they’ve exhausted their unemployment benefits.

The market is modestly higher in this morning’s trading. Both J. M. Smucker (SJM) and Winnebago Industries (WGO) are higher on stronger earnings. I currently rate both stocks as Hold. After the bell, Research In Motion (RIMM) reports. I also rate that stock as a Hold.

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