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Economic Figures

Jobless Claims Fall to Four-Year Low

Friday, August 26, 2005 5:20:40 AM
By MARTIN CRUTSINGER

A worker puts flashing on a chimney on an already-sold new home in the Mayfair tract in Fair Oaks Ranch as a sign directs prospective buyers to nearby model homes in the Los Angeles suburb of Santa Clarita, Calif., Wednesday, Aug. 24, 2005.  In today's hot real estate market, many of the homes in this development were sold in the empty-lot stage, buyers then ordered the custom touches they wanted and waited for the home to be built. Sales of new homes shot up to a record high in July, while U.S. factories saw orders for costly manufactured goods drop by the largest amount in 18 months. (AP Photo/Reed Saxon)WASHINGTON (AP) - The number of people receiving unemployment benefits reached a four-year low last week, fresh evidence of a strengthening economy. The number of laid-off workers receiving jobless benefits averaged 2.58 million over the four weeks ending last week, the lowest four-week average since March 2001, the Labor Department reported Thursday.

For just last week, the number of newly laid off workers applying for benefits fell by a better-than-expected 4,000 from the previous week to 315,000, the lowest level for new claims since the first week in August.

Analysts said both the drop in total benefits being paid and the decline in new benefit applications pointed to an economy that was continuing to create jobs.


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Other Economic Figures

Banks, investment firms reduce Fed loans Nov 20 2008 4:42PM CT
US thrifts swing to $4B loss in 3Q Nov 20 2008 2:01PM CT
Jobless claims jump unexpectedly to 16-year high Nov 20 2008 12:09PM CT
Fed sharply lowers forecasts, hints of rate cut Nov 19 2008 2:13PM CT
US home construction sinks to new record low Nov 19 2008 12:34PM CT
Treasury pays $33.56B to 21 banks Nov 17 2008 5:32PM CT
Fannie, Freddie, home loan banks control $6.8T Nov 17 2008 3:16PM CT
Treasury bills fall to record lows at auction Nov 17 2008 3:14PM CT
Inventories fall in September by most in 3 years Nov 14 2008 9:07AM CT
October budget deficit hits record of $237.2B Nov 14 2008 5:33AM CT

   

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