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Weekly jobless claims down; awaiting August jobs report

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    Fox Business Network's Rich Edson reports from Washington

  • Duration 1:50
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A Fox News business alert now all eyes on the jobs market ahead of tomorrow's August unemployment report today's weekly jobs number.

Showing the first dip in initial unemployment claims in a month.

That's welcome news for the Obama administration amid growing criticism of its handling of the economy.

Fox Business network's rich Edson is live with us from Washington so break down these numbers for -- -- Well John over the past few months jobs reports -- didn't sluggish anemic at times even confusing.

The Labor Department attempts to provide some clarity to the American employment market tomorrow morning.

The government releases the official report telling us how many workers got or lost jobs in August.

This morning economic reports -- you better job growth a survey of private company says they hired more than 200000 workers last month.

That account of those applying for unemployment benefits came in better than had been expected one economist says the job market is improving.

Slow.

The expectation for in the labor market for the for -- Foreseeable future certainly the next several months will be more of the same will make progress we'll show some improvement.

But not enough really to chip away the unemployment rate to the way I think.

Policy makers and economists are hoping.

For that he says the economies and at least 250000.

Jobs a month.

The survey of economists predicts half that number for tomorrow's report.

-- after tomorrow's jobs release the Labor Department issues only two more of these jobs reports before election.

John so we have a long way to go to get back to anything close to -- one.

Right right and that's what economists are saying -- plodding along right here.

Just to keep up with inflation or the entrance into the job market you're looking at a 150 -- 1000 jobs -- treading water right now -- -- Fox Business Network --

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