New unemployment claims fall significantly

Friday, June 10, 2005

WASHINGTON -- The number of people filing new claims for unemployment benefits fell by 21,000 last week, the biggest decline in seven weeks, the government reported Thursday. The Labor Department said 330,000 newly laid-off workers filed benefit claims last week after a surge of 27,000 new claims the previous week, which had been the biggest one-week jump since early 2004. Labor Department analysts attributed the improvement to fewer layoffs in the auto industry and a shortened workweek because of the Memorial Day holiday.

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