U.S. Jobless Claims Lowest Since 2008

November 24, 2010 WSP

New U.S. claims for unemployment benefits last week dropped to their lowest level in more than two years, the Labor Department said on Wednesday. Initial claims fell 34,000 to a seasonally adjusted 407,000, the lowest since mid-July 2008. That was well below economists’ expectations for a fall to 435,000. – Reuters