New jobless claims drop unexpectedly to 530K

By: Associated Press
By: Associated Press

September 24, 2009

WASHINGTON (AP) -- The number of newly laid-off workers seeking unemployment benefits fell for the third straight week, evidence that layoffs are continuing to ease.

The Labor Department says initial claims for unemployment insurance dropped to a seasonally adjusted 530,000 from an upwardly revised 551,000 the previous week. Wall Street economists expected claims to rise by 5,000, according to a survey by Thomson Reuters.

The four-week average, which smooths out fluctuations, dropped to 553,500. That's the lowest since late January, though still far above the 325,000 weekly claims typical in a healthy economy.

The number of people continuing to claim benefits for more than a week dropped 123,000 to a seasonally adjusted 6.14 million.

(Copyright 2009 by The Associated Press. All Rights Reserved.)


WRDW.com is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, share your knowledge, and please suggest removal of comments that violate these standards.

powered by Disqus
Mailing Address: P.O. Box 1212 Augusta, GA 30903 Main Telephone: (803) 278-1212 Newsroom: (803) 278-3111 Fax: (803) 442-4561
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 61095212 - wrdw.com/a?a=61095212
Gray Television, Inc.