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Nobody yet is popping those champagne corks just yet but it is a positive. the number of people filing for unemployment benefits fell by 34,000 last week, more than anybody expected, so claims came in at a total of 388,000, down from when the number of claims peaked over 650,000 back in july of 2009. gosh, we are finally below that frunds,000 level that economists say we need to be under to get the rate down. >> so, why no celebration? where is the rally? >> the whole patch is to see if we can actually stay below the 400,000 level. the lower number has a lot to do with the fact that there were...

2011 and they spent 16 years in prison for an $11 armed robbery but the story of these two sisters gets even more unusual when you hear what they have to do now that their sentences have been suspended. wolf blitzer's off today. i'm suzanne malveaux and you're in t"the situation roomin "the " well, at the close of a dismal year for out-of-work americans, there is some new hope now to cling to. the number of people filing for first-time unemployment benefits fell to a two-year low that happened last week. poppy harlow of c cnnmoney.com is here with the numbers. how do you break it down? >> ...

And a half years the number of americans filing first-time claims for unemployment benefits dropped to 388,000 and that's bolstering job hopes for the new year. as for the stock market, it was a year of big rallies. the dow climbed nearly 11% and the tech heavy nasdaq zoomed to more than 17. so, does this serve as a forecast of more good things to come in 2011? well, let's hope so. let's ask diane brady, senior editor and content chief of bloomberg business week. thanks for coming. >> nice to be here. >> let's start with the jobs. 15 million people are still out of work, but should we be encou...