WASHINGTON-The government says the number of newly laid-off workers seeking unemployment benefits fell more than expected last week, the second straight weekly drop from a six-year high.
WASHINGTON-The government says the number of newly laid-off workers seeking unemployment benefits fell more than expected last week, the second straight weekly drop from a six-year high. The Labor Department says applications for jobless benefits dropped to 432,000, down by 13,000 from the previous week. That was a steeper drop than analysts expected. But claims remain elevated compared with recent years. The four-week moving average climbed to 445,750, the highest in almost seven years. AP ______ Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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