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Jobless Claims Slump as Two U.S. States Upgrade Computer Systems
Jobless claims in the U.S. declined last week to the lowest level since April 2006 as upgrades to computer systems in two states caused those employment agencies to report fewer applications. First-time claims for unemployment insurance fell by 31,000 to 292,000 in the week ended Sept. 7, which also included the Labor Day holiday, according to Labor Department data released today in Washington. The median forecast in a Bloomberg survey called for 330,000 applications. An agency spokesman said that the upgrades played a major role in the drop in claims. Fewer dismissals would be a precursor to an increase in hiring ... (full story)
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