Economy News

 

Jobless Claims Drop By 15,000

Jobless Claims Drop By 15,000

(Washington, DC) -- Unemployment numbers are down, but that has more to do with things returning to normal after a computer glitch in California than an improving employment picture.

Initial filings for unemployment insurance dropped by 15,000 from last week according to today's Labor Department report. The 358,000 jobless claims were still more than economists had expected.

California recently changed computer systems used to file claims, which has skewed numbers for weeks first by creating a backlog then a surge as those filing were finally entered.

The biggest increases in filings were seen in California, Maryland, Ohio, Michigan, and Virginia. The steepest declines in claims came in Oregon, Puerto Rico, Missouri, and Nebraska.

 

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