Unemployment claims drop for second straight week

WASHINGTON (AP) - The number of people requesting unemployment benefits declined for the second straight week, suggesting that the slowing economy isn’t prompting widespread job cuts. New claims for unemployment aid fell last week by 6,000 to a seasonally adjusted 472,000, the Labor Department said today. Economists had expected a slight increase, according to a survey by Thomson Reuters.

Don't Miss a Story

Sign up for our newsletter to receive daily news directly in your inbox.