Jobless Claims Unexpectedly Plunge To Nearly Four-Year Low - Spokane, North Idaho News & Weather KHQ.com

Jobless Claims Unexpectedly Plunge To Nearly Four-Year Low

HUFFINGTONPOST.COM - New U.S. applications for unemployment benefits dropped to a near four-year low last week, a government report on Thursday showed, pointing to continued improvement in the labor market.

The Labor Department said initial claims for state unemployment benefits dropped 50,000 to 352,000, the lowest level since April 2008 and the biggest drop since September 2005. The prior claims data was revised up to 402,000 from the previously reported 399,000.

Economists polled by Reuters had expected claims to fall only to 385,000. Last week's claims data covered the survey period for January nonfarm payrolls and claims dropped by 14,000 between the December and January survey periods.

Payrolls increased 200,000 in December, with the unemployment rate dropping to 8.5 percent.

A Labor Department official said claims for six states, including California and Virginia, had been estimated owing to the Martin Luther King holiday on Monday. He said there was nothing unusual in the unadjusted data, which showed a sharp decline in claims.

The four-week moving average of claims, considered to be a better measure of labor market trends, dropped 3,500 to 379,000 last week.

The number of unemployed workers still collecting benefits after an initial week aid fell 215,000 to 3.43 million - the lowest since September 2008.

  • Most Popular StoriesMost Popular StoriesMore>>

  • 14-year-old North Carolina girl found 5 months after her disappearance in Georgia

    14-year-old North Carolina girl found 5 months after her disappearance in Georgia

    Sunday, February 18 2018 11:43 PM EST2018-02-19 04:43:03 GMT
    Courtesy CMPDCourtesy CMPD

     CHARLOTTE, N.C. - A 14-year-old Charlotte, North Carolina girl who disappeared five months ago was found in Georgia this week. WSOC TV reports that Nakia Williams was last seen Sept. 7, 2017 after leaving her home on Wiegon Lane. Georgia law enforcement officials confirmed with WSOC Wednesday that she was seen in Emanuel County, Georgia. Nakia’s mother told WSOC that she was found that same day in Lyons, Georgia, 

    >>

     CHARLOTTE, N.C. - A 14-year-old Charlotte, North Carolina girl who disappeared five months ago was found in Georgia this week. WSOC TV reports that Nakia Williams was last seen Sept. 7, 2017 after leaving her home on Wiegon Lane. Georgia law enforcement officials confirmed with WSOC Wednesday that she was seen in Emanuel County, Georgia. Nakia’s mother told WSOC that she was found that same day in Lyons, Georgia, 

    >>
  • Couple says Florida school shooting suspect told them he was sorry

    Couple says Florida school shooting suspect told them he was sorry

    Monday, February 19 2018 8:24 AM EST2018-02-19 13:24:52 GMT

    PARKLAND, Fla. - The couple who took in the Florida school shooting suspect after his mother died says he told them he was sorry after the shooting. Speaking Monday on ABC's "Good Morning America," James and Kimberly Snead said they've only seen Nikolas Cruz once since the shooting that killed 17 when they briefly saw him at the police station. 

    >>

    PARKLAND, Fla. - The couple who took in the Florida school shooting suspect after his mother died says he told them he was sorry after the shooting. Speaking Monday on ABC's "Good Morning America," James and Kimberly Snead said they've only seen Nikolas Cruz once since the shooting that killed 17 when they briefly saw him at the police station. 

    >>
  • PHOTOS: Westbound I-90 at Ellensburg back open after 16 vehicle crash

    PHOTOS: Westbound I-90 at Ellensburg back open after 16 vehicle crash

    Saturday, February 17 2018 5:23 PM EST2018-02-17 22:23:29 GMT

    CLE ELUM, Wash. - UPDATE: Washington State Department of Transportation says I-90 at Ellensburg is back open following a major crash Saturday morning. Westbound lanes were closed for several hours Saturday. Washington State Patrol urges drivers to use caution as conditions can change quickly.

    >>

    CLE ELUM, Wash. - UPDATE: Washington State Department of Transportation says I-90 at Ellensburg is back open following a major crash Saturday morning. Westbound lanes were closed for several hours Saturday. Washington State Patrol urges drivers to use caution as conditions can change quickly.

    >>
HD DOPPLER 6i
/