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Claims for unemployment aid fall to a four-month low
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Contributor | Brandonius Maximus |
Last Edited | Brandonius Maximus Aug 11, 2011 09:59am |
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Category | News |
News Date | Thursday, August 11, 2011 03:00:00 PM UTC0:0 |
Description | WASHINGTON — New U.S. claims for unemployment benefits dropped to a four-month low last week, government data showed on Thursday, a rare dose of good news for an economy that has been battered by a credit rating downgrade and falling share prices.
Initial claims for state unemployment benefits fell 7,000 to a seasonally adjusted 395,000, the Labor Department said, the lowest level since the week ended April 2.
Economists polled by Reuters had forecast claims steady at 400,000. The prior week's figure was revised up to 402,000 from the previously reported 400,000. |
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