Â
Sponsored by
NATIONAL NEWS
New jobless claims fall unexpectedly
Posted: Dec 3, 2009 9:03 AM
Updated: Dec 3, 2009 9:03 AM
WASHINGTON (AP) - The tally of newly laid-off workers seeking unemployment benefits fell unexpectedly for the fifth straight week, a hopeful sign that the job market is slowly improving.
The Labor Department says first-time claims for unemployment insurance dropped by 5,000 to a seasonally adjusted 457,000, the lowest total since the week of Sept. 6, 2008.
Wall Street economists expected an increase, according to a
survey by Thomson Reuters.
A Labor Department analyst says the closing of state
unemployment offices for last week's Thanksgiving holiday was responsible for some of the decline.
The number of people claiming benefits for more than a week rose by 28,000 to 5.5 million. Analysts had expected a decline.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
PLEASE HELP US MODERATE COMMENTS
Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at feedback@ksby.com, and include the name of the story and information on the comment.
Thank you! KSBY.com
KSBY.COM VIDEOS
-
Search and rescue efforts continue for seven still missing in wake of Texas tornados
Views: 15 May 17, 2013
Comments