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The number of newly laid-off workers seeking unemployment benefits fell more than expected last week to the lowest total in a month, a sign the job market may be improving.
Analysts had expected an increase. The number of newly laid-off workers filing claims for unemployment benefits dropped unexpectedly last week, the Labor Department reported today, a sign the job market is healing as the economy slowly recovers.
The House of Representatives passed a temporary extension of unemployment benefits and subsidized health insurance for laid-off workers on Wednesday as part of a $636 defense spending bill. The Senate will likely pass its defense bill with the same extensions on Friday, according to a Senate Democratic aide.
The tally of newly laid-off workers seeking unemployment benefits fell unexpectedly for the fifth straight week, a hopeful sign that the job market is slowly improving....
President Barack Obama is set to sign a $24 billion economic stimulus bill providing tax incentives to prospective homebuyers and extending unemployment benefits to the longtime jobless who have been left behind as the economy veers toward recovery....
Unemployed Americans are set to get up to 20 additional weeks of benefits, while new homebuyers' $8,000 tax credit will extend into next year, CNNMoney reports.
The U.S. Senate was poised on Wednesday to extend aid for jobless workers and broaden tax breaks for homebuyers and businesses in a bill aimed at breathing life into the US economy.