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VOL. 35 | NO. 18 | Friday, May 6, 2011




Fewer people apply for unemployment benefits

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WASHINGTON (AP) — The number of people applying for unemployment benefits plummeted last week, reversing nearly all the sharp rise reported the previous week.

The Labor Department says that the number of people seeking benefits dropped 44,000 to a seasonally adjusted 434,000. That is the steepest weekly fall since February 2010.

The drop suggests that the increase of 47,000 reported two weeks ago was mostly due to temporary factors. The state of New York reported that applications jumped by more than 24,000 two weeks ago, because more school systems had spring break than usual. That led to a spike in temporary layoffs.

Still, applications are far above the 375,000 level typically consistent with sustainable job growth. Weekly applications peaked during the recession at 659,000.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0