Unemployment claims drop - WAOW - Newsline 9, Wausau News, Weather, Sports

Unemployment claims drop


(CNN)--Fewer Americans filed for initial unemployment benefits last week.

That's coming from a Labor Department report.

It shows about 390-thousand people filed for their first week of unemployment claims.

That's a seven-month low.

Since April, claims have been stuck above or around 400-thousand.

Economists say that level is too high to signal the unemployment rate will come down, so today's report is welcome news.

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