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Jobless Claims Decline

Sandy's impact wanes on claims, but storm is expected to dampen November payroll gains.

By Shobhana Chandra, Bloomberg | Updated on December 06, 2012

Fewer Americans than projected filed applications for unemployment benefits last week as disruptions caused by superstorm Sandy waned.

Jobless claims decreased by 25,000 to 370,000 in the week ended Dec. 1, Labor Department figures showed today in Washington. The median forecast of 52 economists surveyed by Bloomberg called for a drop to 380,000. A Labor Department spokesman said there was nothing unusual in last week’s data.

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