January 8, 2009

Jobless claims fall sharply

According to CNN Money: “The number of Americans filing for first-time unemployment benefits dropped sharply from last week to a three-month low, according to a government report released Thursday.
The Labor Department said that initial filings for state jobless benefits fell 24,000 to 467,000 for the week ended Jan. 3.”

According to Bloomberg: “Jobless claims were projected to rise to 545,000, according to the median projection of 35 economists in a Bloomberg News survey. Estimates ranged from 480,000 to 600,000. Claims in the prior week were revised to 491,000 from 492,000.”

  • The total number of people getting benefits rose a week earlier to 4.6 million, the most since 1982.

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