Friday, November 6, 2009

New US weekly jobless claims fall


New US weekly jobless claims fall
06-11-2009

Initial claims for US unemployment insurance benefits fell more than most economists expected last week, official data showed Thursday.

New claims for jobless benefits dropped to a seasonally adjusted 512,000 during the week ended October 31, the Labor Department said.

The number was nearly four percent below the average economist forecast of 522,000, and was the first decline following two weeks of increases.