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Jobless Claims Drop by 35,000

Business

0  Updated at 7:05 am, July 26th, 2012 By: ABC Digital
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Spencer Platt/Getty Images(WASHINGTON) — Jobless claims once again inched away from the dreaded 400,000 mark this month, tumbling by 35,000 last week, according to figures released Thursday by the Labor Department.

For the week ending July 21, the number of people filing for benefits fell to 353,000.  The previous week, claims stood at 388,000.

Thursday’s reported drop marks the largest decrease so far this month.  During the first week of July, claims sank by 26,000, but those gains were quickly erased when the figure jumped by 34,000 a week later.

The latest tally for the four-week average also went down, shrinking by 8,750 to 367,250.

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