Jobless Claims Fall 8,000 During Sandy
(CNN) — First-time claims for unemployment fell last week, as Hurricane Sandy led to power outages and closed offices on the East Coast.
The government says about 355-thousand people filed for first-time jobless benefits last week, down eight-thousand from the week before.
It’s the lowest level in a month, but economists say the fall is almost entirely due to the extreme weather conditions.
Claims are likely to head higher in the next weekly report.