Jobless Claims Drop 20,000 to 278,000

Published on:
12 September 2006 at 10:20 a.m. ET

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http://www.insidearm.com/news/00005848-jobless-claims-drop-20000-to-278000/

By Rex Nutting, MarketWatch

First-time seasonally adjusted claims for state unemployment benefits dropped by 20,000 to 278,000 last week, reversing the prior week’s gains, the Labor Department reported Thursday.

The four-week average of new claims — which smoothes out distortions created by one-time events such as weather — fell by 1,500 to 281,750, close to the six-year low of 276,750 seen two weeks ago.

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