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New US jobless claims decline
January 9, 2009, Friday
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NEW claims for unemployment benefits dropped unexpectedly last week while the number of people continuing to seek aid rose sharply, the United States government said yesterday.
The Labor Department reported initial applications for unemployment insurance dropped by 24,000 to a seasonally adjusted 467,000 for the week ended last Saturday. Wall Street economists expected initial claims to rise to 540,000. The figure partly reflects seasonal volatility that occurs around the new year's holiday. The four-week average of initial claims, which smooths out fluctuations, fell by 27,000 to 525,750.
The Labor Department reported initial applications for unemployment insurance dropped by 24,000 to a seasonally adjusted 467,000 for the week ended last Saturday. Wall Street economists expected initial claims to rise to 540,000. The figure partly reflects seasonal volatility that occurs around the new year's holiday. The four-week average of initial claims, which smooths out fluctuations, fell by 27,000 to 525,750.
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