Jobless Claims Drop, Maybe Skewed By Holidays

The number of U.S. workers filing new claims for unemployment benefits fell by 94,000 last week, the biggest decline in 16 years. But analysts say the number was probably skewed by the holidays, when some people just didn't make the trek to unemployment offices.

The jobless numbers are still dismal and probably don't signal any big improvement in labor conditions.

The number of Americans collecting benefits hit more than 4.5 million last week, the highest since December 1982, when the country was just getting out of a deep recession.

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