New jobless claims fall unexpectedly to 610K - KWWL - Eastern Iowa Breaking News, Weather, Closings

New jobless claims fall unexpectedly to 610K

WASHINGTON (KWWL) - The number of newly laid-off Americans requesting unemployment insurance benefits fell last week, a sign that job cuts could be easing.

The Labor Department says its tally of initial jobless claims dropped to a seasonally adjusted 610,000 from a revised figure of 663,000 the previous week. That is significantly below analysts' expectations of 655,000.

Online Executive Producer Nate Leding

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