Weekly Jobless Claims Fall To 452,000

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First time claims for unemployment benefits decreased by more than expected in the week ended December 19th, according to a report released by the Labor Department on Thursday, with initial jobless claims falling to their lowest level in well over a year.

The report showed that initial jobless claims for the week fell to 452,000 from the previous week's unrevised figure of 480,000. Economists had been expecting a more modest decrease in jobless claims to about 470,000.

First time claims for unemployment benefits decreased by more than expected in the week ended December 19th, according to a report released by the Labor Department on Thursday, with initial jobless claims falling to their lowest level in well over a year. (Market News Provided by RTTNews)