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Thursday, July 22, 2004

U.S. Jobless Claims Fall 11,000 Last Week

July 22, 2004
The number of Americans signing up for unemployment benefits last week fell more steeply than expected, while the total number of people on the jobless rolls fell to the lowest level in more than three years, a government report showed on Thursday.

First-time claims for state unemployment insurance benefits dropped 11,000 in the week ended July 17 to 339,000, down from a revised 350,000 in the prior week and well below the 394,000 for the same period a year ago, the Labor Department (news - web sites) said.

The latest figure was below the 345,000 average forecast by economists in a Reuters poll and the previous week's 349,000 originally reported by the Labor Department. FR Reprint.

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