Jobless claims declined last week

Note: This section contains information in English only.
Source: Reuters
© Scanpix/Reuters
The Labor Department reported on Thursday that the amount of Americans that filed for unemployment benefits decreased during the week ended October 28, which added to signs of recovery in the economy. Initial claims for unemployment insurance fell by 9,000, reaching a level of 363,000 on a seasonally adjusted basis. Economists, however, expected a higher reading of 370,000.

"Jobless claims have been trending down. We're not seeing as many layoffs, but at the end of the day we're not seeing a whole lot of hiring either," an economist at Wells Fargo Securities LLC, Michael Brown, said before the release of the data.

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