U.S.labor market still suffers from superstorm Sandy effects

Note: This section contains information in English only.
Source: CNBC
© scanpix/reuters
The number of jobless claims dropped last week, yet staying elevated on hurricane Sandy that disrupted the U.S. labor market. The initial applications for unemployment benefits lost 41,000 to 410,000 on seasonally adjusted basis, the Labor Department reported. The decline in the number of claims only partially compensates the last week's rally of 90,000 applicants for jobless benefits. Continuing unemployment claims eased 30,000 to 3.337 million after seasonal adjustments in the week ended by Nov.10.
"There appears to be a noticeable deceleration of growth in the fourth quarter. It would not be surprising if some of the new jobless claims are due to underlying weakness in the labor market," said Peter Hooper, an economist at Deutsche Bank in New York. "


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