Unemployment Claims Drop

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Unemployment Claims Drop

By Scott Sarvay

Story Published: Jul 16, 2009 at 10:42 AM EST

Story Updated: Jul 16, 2009 at 2:47 PM EST

UNDATED (Indiana's NewsCenter) - The number of Americans filing new claims for unemployment benefits dropped last week.

However, Labor Department officials say it's not a reflection of improving economic conditions but problems adjusting for temporary shutdowns at General Motors and Chrysler plants.

New applications for unemployment insurance plunged by a seasonally adjusted 47,000 to 522,000; the lowest level since early January.


(© Copyright 2009 Indiana's NewsCenter. All Rights Reserved.)

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