April 26, 2013

Jobless claims near five-year low

MarketWatch

WASHINGTON - The number of people who applied last week for new unemployment benefits fell near a five-year low, though the decline probably reflected temporary distortions that often occur after the Easter holiday and not a marked improvement in the U.S. labor market.

Initial jobless claims dropped by 16,000 to a seasonally adjusted 339,000 in the week ended April 20, the Labor Department said Thursday. That's the second-lowest reading in 2013 and approached levels last seen in January 2008.

Economists surveyed by MarketWatch expected claims to fall to 351,000 from a revised 355,000 in the prior week.

 

Were you interviewed for this story? If so, please fill out our accuracy form

Send question/comment to the editors




Further Discussion

Here at PressHerald.com we value our readers and are committed to growing our community by encouraging you to add to the discussion. To ensure conscientious dialogue we have implemented a strict no-bullying policy. To participate, you must follow our Terms of Use.

Questions about the article? Add them below and we’ll try to answer them or do a follow-up post as soon as we can. Technical problems? Email them to us with an exact description of the problem. Make sure to include:
  • Type of computer or mobile device your are using
  • Exact operating system and browser you are viewing the site on (TIP: You can easily determine your operating system here.)