U.S. jobless claims drop as hurricane impact fades

WASHINGTON - The number of U.S. workers filing new claims for jobless benefits fell 20,000 last week and was in line with forecasts as the impact of hurricanes Gustav and Ike eased, government data on Thursday showed.

By (Reuters)

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Published: Thu 9 Oct 2008, 8:10 PM

Last updated: Sun 5 Apr 2015, 2:15 PM

Initial claims for state unemployment insurance benefits declined to a seasonally adjusted 478,000 in the week ended Oct 4 from a revised 498,000 the prior week, the Labor Department said. It was the lowest reading since mid-September, but claims remain at levels indicating a weak U.S. employment climate.

Analysts polled by Reuters had forecast 478,000 new claims versus a previously reported count of 497,000 the week before.


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