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Predicted. we didn't match the year's best in early january. the first week of this month saw 462,000 people file for unemployment benefits for the first time. following week that dropped to 457,000 and for the week ending march 20, that figure hit 442,000. if it had hit 420,000 the economists would have concluded employers are hiring again. now in the last two years during the third week in march 2008 we saw 36 ,000 first time jobless claims. by last year at this time that number had nearly doubled to 657,000. this morning as i say we see this figure dropping below 450,000. one bright spot, m...

442,000. that may seem like a lot and it is but it's the lowest in six weeks. analysts say its still high, 9.7%. james rosen has the news live in d.c. >> good afternoon. economists expected a drop. the 15,000 was bigger than expected but didn't match the low from january. a new jobless claims would have had to drop by 35,000. we're apparently shedding jobs. the first week of march saw 462,000 people file for unemployment benefits for the first time. the following week it dropped to 457,000. last week it hit 442,000. now let's place march of 2010 in perspective. the third week in march , , , ,,

Than the drop that analysts had predicted but we still didn't match the year's best weekly decline which we posted back in early january. let's take a look some 460,000 people. the following week that dropped to 457,000. and for the week that just ended march 20th as you just reported that figure hit 442,000. now let's stack this week against its predecessors in the last two years. during the third week in march, 2008. we saw 367,000 first time jobless claims. by last year at this time, that number had nearly doubled, look at that. 657,000. this morning's figure puts us somewhere in between. s...

367,000 filed. last year at this time that number nearly doubled. 657,000. this morning once again we see the figure dropping to 442,000. manufacturing has been a bright spot. the greatest slow down in mass layoffs, where they lay off more than 50 people. that has dropping in the housing manufacturing sectors like electronics and furniture production. >> it hasn't been significant but there's growth in small business hiring. i mean very small companies, companies with fewer than 20 employees have shown increases of hiring for the last six to nine months. over and above the rest of the economy....

Predicted. we didn't match the year's best in early january. the first week of this month saw 462,000 people file for unemployment benefits for the first time. following week that dropped to 457,000 and for the week ending march 20, that figure hit 442,000. if it had hit 420,000 the economists would have concluded employers are hiring again. now in the last two years during the third week in march 2008 we saw 36 ,000 first time jobless claims. by last year at this time that number had nearly doubled to 657,000. this morning as i say we see this figure dropping below 450,000. one bright spot, m...