Jobless claims lowest since January; foreclosures fall for third straight month

There are more signs that the nation's economy may be on the mend.

The number of Americans filing for unemployment benefits fell more than expected last week.

First time claims dropped to their fewest since January.

At the same time unemployment has hit a 26 year high now topping 10 percent.

Out of work Americans searching but not finding a job.

"There's some available if you meet their criteria. And its hard to find work right now if you don?t meet their criteria," said Wendy Williams who is out of work and looking for a job.

President Obama agrees the job gains are not where they need to be yet.

He has called for a summit next month to find ways to create more job opportunities.

"We have an obligation to consider every additional responsible step that we can to encourage and accelerate job creation in this country," said President Obama.

Analysts say it appears the economy is on two different paths to recovery.

On Wall Street, the Dow and other indexes have been climbing into positive territory.

Meanwhile on Main street, the number of foreclosure have declined in the last three months, but there were still more than 300,000 filings in October.

For retailers, the big test is just ahead with holiday shopping.

From discount giants like Walmart, to mom and pop shops, businesses will be looking for what could be the most important sign in this recovery, Consumer confidence.

Retail analysts predict consumer spending this holiday will be down one percent this year.