News Summary: US jobless aid applications fall
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.
Business Photo Galleriesview all
- 10457Oklahoma tornadoes: Cost, custom keep basements scarce
- 9286Oklahoma tornadoes: Plaza Towers Elementary School teacher shoved students into bathroom as wall collapsed
- 5848Downtown wish list includes Super Target
- 4983Oklahoma tornadoes: The 'Big Dog,' the little boy and the hug that triumphs over tragedy
- 4420Oklahoma City pastor will face trial in fatal shooting of son-in law
- 4301Oklahoma tornadoes: Price family recovering after some heavy blows
- 4216How to help tornado victims