First-time Jobless Claims Fell in the Latest Week

March 10, 2010  by in UnCategorized   

By Home Furnishings Business in economic news on March 11, 2010 The number of people applying for unemployment benefits fell by 6,000 in the most recent week, marking the second decline in a row.

For the week ended March 6, first-time claims fell to a seasonally adjusted 462,000 from a revised 468,000 in the prior week, according to the U.S. Labor Department report today.

The four-week average of initial claims rose 5,000 to 475,500, the highest rate since November. The number of people continuing to receive regular unemployment checks climbed 37,000 in the week of Feb. 27 to a seasonally adjusted 4.56 million. The number of people receiving extended federal benefits fell 159,000 to 5.53 million, not seasonally adjusted, in the week of Feb. 20.

Overall, 11.36 million people were collecting some type of unemployment benefits in the week of Feb. 20.