New Unemployment Claims Down
By: Big 2 News Staff
Updated: December 7, 2012
First-time claims for unemployment benefits fell last week, after spiking three
weeks earlier due to Superstorm Sandy.
The Labor Department reported that 370,000 people filed initial jobless claims last week.
That's down 25-thousand people compared to the previous week.
Claims surged in mid-November, after Superstorm Sandy put many workers temporarily out of a job.
But now the weekly figures are back around levels consistent with modest hiring over the past few months.
The data comes a day ahead of the monthly jobs report for November.
That report is also likely be distorted by temporary effects from the storm, as well as layoffs tied to the closing of Hostess Brands.
The Labor Department reported that 370,000 people filed initial jobless claims last week.
That's down 25-thousand people compared to the previous week.
Claims surged in mid-November, after Superstorm Sandy put many workers temporarily out of a job.
But now the weekly figures are back around levels consistent with modest hiring over the past few months.
The data comes a day ahead of the monthly jobs report for November.
That report is also likely be distorted by temporary effects from the storm, as well as layoffs tied to the closing of Hostess Brands.
