Skip to main content
Advertising

Originally published Thursday, December 6, 2012 at 7:26 AM

  • Share:
             
  • Comments (0)
  • Print

News Summary: Weekly US jobless aid claims fall

FEWER JOBLESS CLAIMS: Weekly U.S. unemployment benefit applications fell 25,000 last week to a seasonally adjusted 370,000, the government said Thursday. The third straight drop shows a temporary spike caused by Superstorm Sandy has faded.

The Associated Press

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

FEWER JOBLESS CLAIMS: Weekly U.S. unemployment benefit applications fell 25,000 last week to a seasonally adjusted 370,000, the government said Thursday. The third straight drop shows a temporary spike caused by Superstorm Sandy has faded.

PRE-STORM LEVELS: Weekly applications are back to pre-storm levels that are consistent with modest hiring. Applications had spiked a month ago after Sandy shuttered businesses in the Northeast.

QUICK RECOVERY: Some analysts were encouraged by the quick drop. Pierre Ellis, an economist at Decision Economics, said the decline suggests companies are quickly re-hiring workers displaced by the storm. Rebuilding and repair efforts could also be creating jobs, he said.

News where, when and how you want it

Email Icon

Relive the magic

Relive the magic

Shop for unique souvenirs highlighting great sports moments in Seattle history.

Advertising

Advertising

NDN Video

Advertising