Thursday, October 07, 2010

Thursday Is New Jobless Day

Still high.

Initial claims for state unemployment benefits dropped 11,000 to a seasonally adjusted 445,000, the lowest since the July 10 week, the Labor Department said.

Analysts polled by Reuters had forecast claims edging up to 455,000 from the previously reported 453,000. The government revised the prior week's figure up to 456,000.

Jobs report comes out tomorrow.