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The outlook for the job market is looking brighter. Far fewer people are seeking unemployment benefits than just three months ago - a sign that layoffs are falling sharply.
New claims for unemployment benefits dropped sharply in the latest week, The Labor Department said Thursday, giving the jobs market one of its first positive signals in some time.
The number of people applying for unemployment benefits fell sharply last week to the lowest level since July 2008, a hopeful sign that improvement in the job market is accelerating.
The number of U.S. workers filing new claims for unemployment insurance unexpectedly rose to its highest level in close to six months, a fresh signal of a weak jobs market.
Senh: Could this rise in jobless claims caused by the recent unemploment benefits extension?
Congress is one House vote away from resuming unemployment payments to millions of people whose benefits have lapsed as the nation suffers through a wretched job market.