New Jobless Claims Fall Sharply to Four-Year Low
Date: Jul 12 2012
Filed under: Economy
The number of Americans filing new claims for unemployment benefits last week fell sharply to the lowest level in four years, a hopeful sign for the struggling labor market, government data showed on Thursday.
Initial claims for state unemployment benefits dropped 26,000 to a seasonally adjusted 350,000, the Labor Department said.
The drop, which brought new claims to their lowest level since March 2008, was much steeper than Wall Street economists expected.
The prior week’s figure was…
New Jobless Claims Fall Sharply to Four-Year Low originally appeared on DailyFinance.com on 2012-07-12T09:27:00Z.
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