US jobless claims fall, point to labour market healing

Posted by 7Star Friday, December 4, 2009

New applications for US jobless benefits unexpectedly fell last week to the lowest level in more than 14 months, suggesting a labour market edging toward stability, while productivity was less robust in the third quarter. Initial claims for state unemployment aid slipped 5,000 to 457,000 from 462,000 in the prior week, the Labour Department said on Thursday.

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