Initial Claims For Jobless Benefits Drop Sharply

New applications for unemployment benefits fell sharply last week as General Motors and other manufacturers skipped their usual summer shutdowns.
    The Labor Department says that new claims dropped by 29,000 to
429,000, the lowest level since August 2008.
    A Labor Department analyst says the decline resulted from fewer layoffs by manufacturing companies than usual this time of year. General Motors said last month that it would forgo its customary two-week summer factory closings, which it uses to retool plants for new car models.
    That usually causes a spike in temporary layoffs and jobless claims in early July. Other manufacturers also reported fewer temporary layoffs than expected, the analyst added.
    (Copyright 2010 by The Associated Press.  All Rights Reserved.)


One Comment

  1. Will says:

    Thank the Republicans for putting me and over a million other Americans searching for work out on the street because of their playing partisan politics by denying new and current jobless claims anymore unemployment benefits for what they say is an unneeded increase to the federal deficit. Yet, these same Republicans passed numerous unnecessary bills in the God-forsaken previous administration with no problem at all. Therefore, any drop in unemployment claims is because due to the fact that prior to applying for new or existing claims, we have been notified that there are no benefits to give all because the right has killed any recent legislation that would extend such benefits. The only conclusion I and the million other out-of-work Americans take out of this is the fact that Rebublicans do not care if we are left out on the streets with no means to pay our rent/mortgage or buy food while we desperately look for work. Furthermore, any chance of finding work is about to end due to the Republicans killing any hope for us to sustain ourselves while we continue to look for jobs. Many of us are having to move in with our parents or go to homeless shelters or worse yet, live out of our cars….all of which are not conducive environments to finding work. However, maintaining unemployment benefits so we can stay in our home/apartments so we can continue looking for work is the smart and right thing to do.

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