Weekly Jobless Claims Fall Amid Hurricane Sandy

weekly jobless claims fell
weekly jobless claims fell



The number of Americans filing new claims for unemployment benefits fell last week, a sign the labor market's slow recovery was gaining traction, although a severe storm distorted the data.

Initial claims for state unemployment benefits dropped 8,000 to a seasonally adjusted 355,000, the Labor Department said on Thursday. That was below the median forecast in a Reuters poll of 370,000.