LayoffBlog.com

December 31, 2008

Jobless claims fell 94,000

“Initial claims for state unemployment insurance benefits fell 94,000 to a seasonally adjusted 492,000 in the week ended December 27 from an unrevised 586,000 the prior week, the Labor Department said.”

“It was the lowest reading for initial claims since the week ended November 1 and well below the 565,000 new claims analysts had expected”, according to Reuters.

Jobless claims down sharply, backing away from 26-year high. according to CNN Money

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