Jobless Claims Drop from 7-year Hgh

WASHINGTON - The government says new applications for unemployment benefits dropped last week from a seven-year high, though claims remain at elevated levels due to the struggling economy.

The Labor Department reported Thursday that initial claims for jobless benefits dropped 20,000 to a seasonally adjusted 478,000, the same level that Wall Street economists expected.

The department said Hurricanes Ike and Gustav were responsible for adding about 20,000 claims on a seasonally-adjusted basis.

The four-week average, which smooths out fluctuations, rose to 482,500, the highest since October 2001.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
631 SW Commerce Pl. Topeka, Kansas 66615 phone: 785-272-6397 fax: 785-272-1363 email: feedback@wibw.com
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 30679799 - wibw.com/a?a=30679799