Worst Economy Since Hoover Update

AP News Alert:

WASHINGTON (AP) The Labor Department reports that jobless claims fell last week by 11,000 to 330,000, an encouraging sign that the job market remains stable in the face of problems in the housing and credit markets.

Of course, this won't stop Democrats or the 527 media (but I repeat myself) from calling for a recession... History is not going to look too kindly on the way the media has reported the economy in this time period...