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Jobless claims plunge to lowest in six years
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| Contributor | Brandonius Maximus |
| Last Edited | Brandonius Maximus Aug 01, 2013 10:53am |
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| Category | News |
| Author | Reuters |
| News Date | Thursday, August 1, 2013 04:00:00 PM UTC0:0 |
| Description | The number of Americans filing new claims for unemployment benefits fell unexpectedly last week, touching a 5-1/2 year low, suggesting a steadily improving labor market.
Initial claims for state unemployment benefits dropped 19,000 to a seasonally adjusted 326,000, the lowest level since January 2008, the Labor Department said on Thursday. Claims for the prior week were revised to show 2,000 more applications received than previously reported.
Economists polled by Reuters had expected first-time applications to rise to 345,000 last week. |
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