Unemployment benefits claims fell by 8,000 - ABC 33/40 - Birmingham News, Weather, Sports

Unemployment benefits claims fell by 8,000

Posted: Updated:

There could be a sign of a healing job market.  The number of people seeking unemployment benefits dropped by 8,000 last week to a, seasonally adjusted, average of 355,000.  The numbers are skewed slightly because of the effects that Superstorm Sandy had on the northeast region.

Applications declined in one state because its unemployment office lost power during the storm and wasn't able to receive applications, a department spokesman said. The spokesman wouldn't identify the state.

The storm also pushed up applications in other states because those temporarily out of work sought benefits.

The Labor Department says that the four-week average of applications, a less volatile measure, rose 3,250 to 370,500.

If sustained, the decline in applications would be a good sign. Still, the storm could affect the figures for up to three to four weeks, the spokesman said.

Most Popular
Stories
Videos
loading...