1. Progress

    U.S. Jobless Claims Decrease

    NEW YORK, NY - JANUARY 17:  Applicants wait to meet potential employers at a Manhattan job fair on January 17, 2013 in New York City. Weekly jobless claims fell to a five year low with unemployment benefit applications falling 37,000 claims to a seasonally adjusted 335,000.  (Photo by Mario Tama/Getty Images)

    Mario Tama/Getty Images

    Weekly jobless claims dropped to a five-year low last week, surprising analysts. During the week ending January 19, applications for unemployment insurance payments decreased by 5,000 to 330,000, the lowest number since the same week in 2008. But this change matches similar patterns in previous calendar years, due to the challenges of adjusting data during the holiday period and at the start of quarters. One expert indicated that the numbers would rise again at the end of the month, saying, "The swings are attributable to the calendar. We're going to pay for this."

    Read it at Bloomberg