Jobless Claims Fall Unexpectedly As Layoffs Ease
The number of newly laid-off workers filing claims for unemployment benefits dropped unexpectedly last week, a sign the job market is healing as the economy slowly recovers.
The Labor Department says that new claims for unemployment insurance fell by 22,000 to a seasonally adjusted 432,000, the lowest since July 2008. That’s much better than the rise to 460,000 that Wall Street economists expected.
WATCHDOG: That bodes well for a happier new year and decade.
