No Reason to Cheer Drop in Jobless Claims

Recent drops in new jobless claims may not portend an economic turnaround.

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Longer term, Sinai believes that job growth will occur primarily in areas that require highly skilled or educated workers, such as technology and healthcare. Those sectors may help to lead the U.S. economy out of crisis, but such predictions are likely cold comfort to those without specialized skill sets, as Sinai acknowledges: "Many of the American people will be working less than they want, will have dropped out, or just will be out of work."

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