Initial jobless claims fell 16,000 to 453,000 in the week ending Sept. 25, a sharper fall than expected. The revised figure for the previous week was 469,000.
Analysts surveyed by Reuters forecast claims of 460,000.
Companies that laid off workers are reluctant to hire new workers in a weak economy, with consumers saving and paying down debt rather than spending.
“We’re still at the very early…
Continue reading Jobless Claims Fall 16,000 to 453,000
Jobless Claims Fall 16,000 to 453,000 originally appeared on DailyFinance on Thu, 30 Sep 2010 08:25:00.