Initial jobless claims fell to the lowest level since July 2008 last week, dropping 34,000 to 407,000 in the week ending Nov. 20, the Department of Labor said Wednesday.
The figures were sharply lower than economists’ forecast of 435,000.
Employers are slowly adding workers as the economy recovers and retailers are taking on temporary staff as they gear up for holiday season.
“We are seeing signs…
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Jobless Claims Fall to Lowest Level Since July 2008 originally appeared on DailyFinance on Wed, 24 Nov 2010 08:24:00.