Good News! Unemployment Claims Fell Last Week
Here’s some good news to report although there’s a caveat.
According to the Labor Department, the number of people seeking unemployment benefits last week dropped by 8,000. Maybe the job market’s picking up?
Um, not quite.
Officials are chalking the drop to Hurricane Sandy and not only for last week but for three additional weeks. For instance, as per The New York Post, applications declined in one state as a result of power outages. This clearly made it challenging for officials to receive applications.
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