WKYT | Lexington, Kentucky | News

New filings for jobless benefits tumble

WASHINGTON (AP) -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.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus

WKYT

2851 Winchester Rd. Lexington, Ky 40509 859-299-0411 - switchboard 859-299-2727 - newsroom
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 102535074 - wkyt.com/a?a=102535074
Gray Television, Inc.