News Summary: US jobless aid applications fall

Associated Press Modified: November 29, 2012 at 12:49 pm •  Published: November 29, 2012
Advertisement
;

APPLICATIONS FALL: The number of Americans seeking unemployment benefits fell 23,000 to a seasonally adjusted 393,000 last week. It was the second straight drop after Superstorm Sandy drove applications much higher earlier this month.

STORM IMPACT FADES: The storm had little effect on last week's data, a government spokesman said. Applications had spiked to 451,000 three weeks ago after Sandy struck the East Coast Oct. 29.

TEMPORARY DRAG: The spike in layoffs caused by the storm may largely offset hiring increases in November. Job gains could amount to as few as 25,000, down from a gain of 171,000 in October.



Trending Now


AROUND THE WEB

  1. 1
    Bridenstine tours Fort Sill, satisfied with facility's transparency
  2. 2
    10 Most Popular Wedding 'First Dance' Songs
  3. 3
    Psychologists Studied the Most Uptight States in America, and Found a Striking Pattern
  4. 4
    Facebook Post Saves Drowning Teen
  5. 5
    Saturday's front page of the New York Times sports section is simple: LeBron James and transactions
+ show more