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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Top Stories Most Popular Photos Full Coverage Sitemap US unemployment claims fall dramatically AFP - Thursday, November 25 Send IM Story Print WASHINGTON (AFP) - – US unemployment claims fell more than expected last week, compounding a choppy, but steady downward trend seen in recent weeks. The Labor Department said new claims had fallen to 407,000 in the week to 20 November, down 34,000 from the week before. That was much better than the 442,000 expected by economists. "This is a substantial decline," said Andrew Gledhill of Moody's Analytics. Although the data was colored by a dramatic drop in the number of longer-standing unemployment claims -- thanks in part to technical factors -- the figures were still the best since July 2008. "Even though it seems likely that this is overdone, it is an encouraging sign that the labor market is moving in the right direction," said Gledhill. Recommend Send IM Story Print News Search Top Stories General strike cripples debt-hit Portugal Many cancers detected late in US: study Data brightens outlook for US economy Greenhouse gases 'rise to record levels in 2009' Madoff trustee seeks $2 bln in UBS fraud case More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended DiCaprio in plane engine scare: report US, S.Korea plan war games after N.Korean attack 'Naked' airport scanners may be 'dangerous' Tigers 'close to catastrophe': Russian PM Britain's Prince William to wed in April at abbey More Most Viewed » 'Naked' airport scanners may be 'dangerous' EU fines 11 airlines 800 million euros for air cargo cartel Pilgrims stone 'devil' as Muslims celebrate Eid World leaders scramble for funds to save the tiger More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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