Weekly Jobless Claims Fall To 512,000

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13:45 GMT

Nov 2009

Weekly Jobless Claims Fall To 512,000

(RTTNews) - Thursday morning, the Labor Department released its report on initial jobless claims in the week ended October 31, showing that first-time claims for unemployment benefits fell by more than economists had been anticipating.

The report showed that jobless claims fell to 512,000 from the previous week’s revised figure of 532,000. Economists had been expecting jobless claims to edge down to 522,000 from the 530,000 originally reported for the previous week.

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