By The Associated Press CHRISTOPHER S. RUGABER (AP Economics Writer)
Quick Read Fewer people sought unemployment benefits last week, though applications remain elevated
Photo credit: AP | In this Sept. 19, 2011 photo, a worker constructs the framework front of a strip mall store in Mayfield Hts., Ohio . Fewer people applied for unemployment benefits last week, though the decline isn’t enough to signal the job market is improving. (AP Photo/Amy Sancetta)
(AP) -- The number of people applying for unemployment benefits fell last week, though the decline isn't enough to signal improvement in the job market.
Weekly applications dropped by 9,000 to a seasonally adjusted 423,000, the Labor Department said Thursday.
The four-week average, a less volatile figure, rose slightly for the fifth straight week to 421,000.
Applications typically...
newsday.com & ExploreLI are now available at no charge to Newsday and Optimum Online ® subscribers. To continue reading, please log in or register now.
newsday.com?
Optimum Online ® ?
subscriber?
Source: