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Jobless Claims Hit Two-Month Low

New filings decline 26,000 to 359,000, a bigger decrease than expected.

By Alex Kowalski, Bloomberg | Updated on September 27, 2012

Fewer Americans than forecast filed first-time claims for unemployment insurance payments last week, a sign the labor market is getting back on track.

Applications for jobless benefits decreased 26,000 to 359,000 in the week ended Sept. 22, the lowest since July, Labor Department figures showed today. Economists forecast 375,000 claims, according to the median estimate in a Bloomberg survey. There was nothing unusual in last week’s data, a Labor Department spokesman said as the figures were released to the press.

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