New US Jobless Claims Fall to 512,000

The US Labor Department announced today that the number of new claims for unemployment benefits fell to 512,000 last week. This is the lowest level of new claims in ten months providing further evidence that job cuts are slowly easing. Despite the slowdown in job cuts, companies still resist hiring and total unemployment moved up to 9.9 percent from 9.8 percent the month before.

Associated Press

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