Jobless Claims Fall More Than Expected

Initial jobless claims fell more than expected last week.

Claims dropped 17,000 to 421,000 in the week ending Dec. 4, the Department of Labor said. The revised figure for the previous week was 438,000.

A survey of analysts by Reuters forecast claims sliding to 425,000 from the previously reported 436,000.

Employers have reduced the number of workers they lay off as the economy shows signs of a slow…

Jobless Claims Fall More Than Expected originally appeared on DailyFinance on Thu, 09 Dec 2010 08:25:00.