First-time filings for state unemployment benefits fell for the fifth time in the last seven weeks, dropping to its lowest level in about 5 months.
From RTTNews:
(RTTNews) - The number of people filing for first-time unemployment benefits edged down last week, according to a report released by the Labor Department on Thursday, although jobless claims remain at a relatively high level.
Still, the size of the government's unemployment rolls fell for the fifth time in the last seven weeks, dropping to its lowest level in about 5 months.
The Labor Department said that initial jobless claims edged down to 570,000 in the week ended August 22nd from the previous week's revised figure of 580,000. Economists had been expecting jobless claims to slip to 565,000 from the 576,000 originally reported for the previous month.
