Jobless Claims Fall Unexpectedly As Layoffs Ease

The number of newly laid-off workers filing claims for unemployment benefits dropped unexpectedly last week, a sign the job market is healing as the economy slowly recovers.

The Labor Department says that new claims for unemployment insurance fell by 22,000 to a seasonally adjusted 432,000, the lowest since July 2008. That's much better than the rise to 460,000 that Wall Street economists expected.

The number of jobless workers continuing to claim benefits dropped by 57,000 to 4.9 million, also better than the increase that analysts expected.

Economists closely monitor initial claims, which are considered a gauge of the pace of layoffs and an indication of companies' willingness to hire new workers.

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  • by NATURAL BORN CITIZEN Location: greenville USA on Jan 6, 2010 at 09:12 PM
    To the JOKE who posted this story at number 3 the first story is that unemployment increases in most N.C. counties are you morons working for the white house.Your crap is just about as deep .From Feb. 09 until now work has stopped. Little by little until nothing.Ya things are getting better that's why i had to file for unemployment last week .And guesse what since i'm Legal and not the right color scheme unemployment is all the help i can get.I went from working all of my life to no work in less than a year.obama step down and all of your freeloading sorry help with you as well as the one who posted this story.
  • by Vance on Dec 31, 2009 at 04:38 PM
    What another load of psyco-babble garbage.The only jobs that have popped up are temporary government jobs that the tax payers are paying for.Even that Union company Weyerhauser is going to lay off around three hundred of thier finest here in Plymouth around march.The claims dropped because people have expired thier benifits.enc I'm glad you have a job.You better stay where you are if it is permanant.By the way the newly laid off workers had to be people that had a job for about two months (GOVERNMENT JOBS) and could not be eligible for unemployment benifits.In other words the same type of jobs they were talking about like the CENSUS.
  • by Roger Location: Jacksoville on Dec 31, 2009 at 03:27 PM
    Another crap story! The jobs outlook is still as bleek as ever, and it's not going to change in a week! I don't care what you say!
  • by Cactus Location: Strabane on Dec 31, 2009 at 02:56 PM
    See how well 'bama has done, we only lost 432,000 this month. 'bama can stay on vacation for two more weeks. Now if we could have just made that 432,001 I would be happy.
  • by Kimo Location: Belhaven on Dec 31, 2009 at 10:53 AM
    Thank Heaven for our Great Savior in the White House and all he has done to improve our employment picture. (And if you really believe that he had anything to do with it - rather than to prolong it - I've got a bridge I'll sell you.)
  • by Devil Dog Location: Greenville on Dec 31, 2009 at 10:25 AM
    30 States are running out of money to pay for unemployment benefits. In 10 months,we will be just like the European nations. Over 50% of the population on governemnt assisance, and the others footing the bill. Standby for heavy rolls!
  • by Obama Snake Oil Co Location: Washington on Dec 31, 2009 at 06:39 AM
    This is not economic recovery, this is the false bubble the stimulus program created. Just means, companies have laid off as much as they can at this point, short of closing the doors......
  • by enc Location: enc on Dec 31, 2009 at 06:29 AM
    glad to see we are pulling out of this mess...i am thankful to have a job...but want a new one...maybe i won't have to wait to much longer for some "real" opportunities...

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