Jobless Claims Drop to a Three-Month Low

Initial jobless claims unexpectedly fell to a three-month low.

Claims dropped 21,000 to 434,000 in the week ending Oct. 23, The Department of Labor said.

The revised figure for the previous week was 455,000.

A survey of analysts by Reuters predicted claims would rise to 453,00 from the previously reported 452,000.

The labor market may improve in the coming months as the holiday season boosts…

Jobless Claims Drop to a Three-Month Low originally appeared on DailyFinance on Thu, 28 Oct 2010 08:23:00.