Benefit claims falling
Source: Agencies |
August 27, 2010, Friday
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Print Edition
Print Edition
NEW requests for unemployment benefit in the United States fell sharply last week, the first decline in a month and a hopeful sign after a raft of negative economic reports.
New claims for US jobless aid dropped by 31,000 to a seasonally adjusted 473,000, the US Labor Department said yesterday. Still, claims remain much higher than they would be in a healthy economy.
Employers are reluctant to hire as economic growth appears to be slowing. Even with last week's decline, the four-week average, a less volatile measure, rose to 486,750, the most since November.
New claims for US jobless aid dropped by 31,000 to a seasonally adjusted 473,000, the US Labor Department said yesterday. Still, claims remain much higher than they would be in a healthy economy.
Employers are reluctant to hire as economic growth appears to be slowing. Even with last week's decline, the four-week average, a less volatile measure, rose to 486,750, the most since November.
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