Applications for Unemployment Benefits Show Unexpected Drop

Summary


WASHINGTON -- The number of laid-off workers filing claims for unemployment benefits fell to the lowest level in seven weeks, an unexpected sign of improvement for the jobs market.

The Labor Department reported Thursday that new applications for unemployment benefits totaled 311,000 last week, a drop of 9,000 from the previous week. It marked the lowest level for jobless claims since July 28.

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Extract


Applications for Unemployment Benefits Show Unexpected Drop

The decline came as a surprise for economists who had been forecasting a rise in claims ...

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