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 Updated: 5/21/2009 8:45:00 AM             Buy a Digital Copy of Transport Topics

Initial Jobless Claims Fall for Week

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Initial jobless claims fell by 12,000 last week, while the number of people receiving continuing claims reached a new record high, the Labor Department said Thursday.

Claims for the week ended Saturday fell to 631,000, from a revised 643,000 the previous week.

The four-week moving average, a less volatile measure, fell to 628,500 from 632,000 a week earlier.

The number of Americans collecting jobless benefits rose the 16th straight weekly record high, to 6.66 million for the previous week ended May 9, Labor said.

By Transport Topics


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