Tags: US | Jobless | Claims

Jobless Claims Fall by 43,000, Much More Than Expected

Thursday, 11 February 2010 08:48 AM EST

The number of newly laid-off workers seeking unemployment benefits fell sharply last week, a hopeful sign the job market may be improving.

The Labor Department said that first-time claims for unemployment insurance dropped by 43,000 to a seasonally adjusted 440,000, the lowest total in a month. Wall Street economists had expected an decline of 15,000.

A Labor Department analyst said the decline largely reflects the end of administrative backlogs that had elevated claims in the previous three weeks.

The number of people claiming benefits for more than a week fell by nearly 80,000 to 4.5 million. That was a steeper decline than expected.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Headline
The number of newly laid-off workers seeking unemployment benefits fell sharply last week, a hopeful sign the job market may be improving.The Labor Department said that first-time claims for unemployment insurance dropped by 43,000 to a seasonally adjusted 440,000, the...
US,Jobless,Claims
103
2010-48-11
Thursday, 11 February 2010 08:48 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved