Friday, May 23, 2008

Jobless Claims Decline -- Rockford Unemployment Rises To 7.2%

Fewer Americans than forecast applied for unemployment benefits last week, indicating companies are reluctant to fire more workers even as the economy slows.

First-time jobless claims fell 9,000 to 365,000, from a revised 374,000 the prior week, the Labor Department said today in Washington. The total number of people collecting benefits was unchanged at a four-year high of 3.073 million for the week ended May 10.

Rockford declined by 1400 mostly manufacturing jobs.


Bloomberg News

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