Number Of Jobless Claims Continues To Fall

The number of new claims for jobless benefits falls to the lowest level since early January, as employers cut fewer workers.

The Labor Department says first-time claims for unemployment insurance dropped last week to a seasonally adjusted 521,000, from the previous week's upwardly revised total of 554,000. That's better than the 540,000 that Wall Street economists expected, according to a survey by Thomson Reuters.

The drop is the fourth in five weeks. The four-week average, which smooths fluctuations, fell to 539,750, the lowest since Jan. 17.

The number of people continuing to claim benefits declined by 72,000 to 6.04 million. Analysts expected continuing claims to rise slightly.

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  • by Matt Location: NC on Oct 11, 2009 at 09:28 PM
    When Bush was in office this story would've been very different. Now with unemployement sky-rocketing.... Less new jobless claims are important.
  • by Anonymous on Oct 8, 2009 at 11:21 AM
    This maybe but unemployment is still rising the media needs to stop glorifing this things are not getting better.They are getting worse every day.That is a good post Cover Up. I have been turned down for several jobs reason is they said I'm over Qualified.Maybe if I go to my next Interview with crack pipe in my hand something will give.
  • by Cover Up Location: NC on Oct 8, 2009 at 09:02 AM
    They forget to add that once the time frame runs out for people on unemployment who can't get a job. They deny them to continue past the desinated time frame, those people are then denied to stay on unemployment and can't get any other assistance because they were on unemployment even when denied jobs that they are over or under qualified for. I feel sorry for the people out there who can't find jobs.

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