Jobless claims fall as plants put off retooling |
| Reuters - Jul 12, 2012 |
The number of Americans signing up for new jobless benefits fell to a four-year low last week but an unusual pattern for summer factory shutdowns suggested layoffs might pick up again in coming weeks.
A separate report on Thursday showed falling import prices, fresh evidence of a cooling global economy but also a reminder that a drop in gasoline prices could help U.S. consumers.
The Labor Department said new claims for state unemployment benefits dropped 26,000 last week to 350,000. That was the lowest since March 2008, the early days of the last recession.
A Labor Department official said the data, which is adjusted to account for normal seasonal swings, may have been skewed because some automakers postponed annual closures for retooling.
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- Posted: 2012-07-12 14:00:59
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