New Filings for Jobless Benefits Tumble
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Updated: 6:41 AM Sep 9, 2010
New Filings for Jobless Benefits Tumble
The number of people signing up for unemployment benefits dropped to the lowest level in two months.
Posted: 6:41 AM Sep 9, 2010
Reporter: AP
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The number of people signing up for unemployment benefits dropped to the lowest level in two months, an encouraging sign that companies aren't resorting to deeper layoffs even as the economy has lost momentum.

The Labor Department says new claims for unemployment aid plunged last week by a seasonally adjusted 27,000 to 451,000. Economists had predicted a much smaller decline of just 2,000. The number of new claims filed in the previous week turned out to be flat, versus a small drop as first reported. But they fell sharply the week before.

Even with latest decline, claims are still much higher than they would be in a healthy economy. When the economy is growing strongly, claims drop to below 400,000.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Latest Comments

Posted by: gail on Sep 9, 2010 at 09:45 AM

I love how they continue to report NEW filings. What about the existing? Can't be that many people left who haven't lost their jobs.
Posted by: Mike Location: CS on Sep 9, 2010 at 09:00 AM

I would like to see a study of how many people have recieved jobs next to this study. I would love to believe the econemy is growing again but I also know many have reached the end of their payments. These numbers look nice, but there's more to the picture.
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