America

Jobless Claims Drop Sharply

The number of people filing first-time claims for jobless benefits fell by 34,000 last week, to a seasonally adjusted 388,000, the Employment and Training Administration just reported.

The Associated Press calls that a sharp decline and says it's a "positive sign that the job market is slowly improving."

At 388,000, the number is the lowest it's been since July 2008.

It's worth mentioning again that the figure is seasonally adjusted — meaning that it's supposed to take into account the fact that the holidays are upon us.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.