Posted: Nov 21, 2012 6:10 AM by Associated Press
WASHINGTON (AP) - The number of people seeking unemployment benefits fell sharply to a seasonally adjusted 410,000 last week, though the figure was elevated for the second straight week by Superstorm Sandy.
The Labor Department says applications dropped 41,000 from the previous week, when the storm drove applications to their highest level in 18 months. The four week average, a less volatile measure, rose 9,500 to 396,250.
Sandy could distort the data for another week, department officials say. The storm caused nearly 44,000 people in New York and 31,000 in New Jersey to seek unemployment aid two weeks ago, the latest state data available.
Before the storm, applications fluctuated between 360,000 and 390,000 for most of this year. At the same time, the unemployment rate fell from 8.3 percent to 7.9 percent.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
PLEASE HELP US MODERATE COMMENTS
Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at firstname.lastname@example.org, and include the name of the story and information on the comment.
Thank you! KSBY.com
Get deals up to 80% off here!
Find the lowest gas prices in your area
Submit your photos to KSBY
Check out our calendar of events
Save with Hot Deals across our counties!
Events across the Central Coast
Follow The CW5 on Facebook.
The KSBY online public file.
What do you think? Leave us your feedback.
KSBY is your official CA Lottery station for San Luis Obispo and Santa Barbara Counties