Jobless claims fall, but remain elevated
Unemployed workers fill out applications during a job fair in Rockford, Ill. Fewer people applied for unemployment benefits last week, but the drop wasn't enough to reverse a big increase the previous week. (Oct. 5, 2010) Credit: AP
Fewer people applied for unemployment benefits last week, but the drop wasn’t enough to reverse a big increase the previous week.
The Labor Department says initial claims for unemployment
benefits fell by 23,000 to a seasonally adjusted 452,000.
The decline comes after the department substantially revised the
previous week’s figure to show a rise of 26,000. That was double
the increase initially reported. The revision occurred after
several states that had estimated their totals from two weeks ago
subsequently found that claims were higher than estimated.
As a result, even with last week’s drop, claims are slightly
higher than earlier this month.
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Out East Show: Visit The Shamrock evergreen maze, Sannino Vineyard, Seven Ponds Orchard and the Warrior Ranch Foundation NewsdayTV's Doug Geed is heading 'Out East' to showcase the ultimate local spots you need to explore.
