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Jobless Claims Fell Sharply Last Week, Wholesale Prices Dropped In November

NPR

By Mark Memmott

Published December 13, 2012 at 6:45 AM MST

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At a job fair in New York City earlier this year, a man waited for an interview. Economists say the job market is slowly improving, and the latest data on jobless claims seem to support that analysis.

There were 343,000 first-time claims for unemployment benefits last week, down 29,000 from the week before, .

At that level, claims were the lowest they'd been since the first week of October's 342,000.

, last week's number adds to "evidence the labor market is improving." It was well below what economists expected: 369,000. And, Bloomberg adds:

"Jobless claims have dropped 108,000 in the latest four weeks after a Superstorm Sandy-related surge, indicating companies are comfortable with current staffing levels."

The morning's other economic news: Wholesale prices fell 0.8 percent in November from October, . The major reason for the decline was a 4.6 percent drop in energy prices, which in turn was fueled by a 10.1 percent plunge in gasoline costs.

Copyright 2020 NPR. To see more, visit https://www.npr.org.

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Mark Memmott

Mark Memmott is NPR's supervising senior editor for Standards & Practices. In that role, he's a resource for NPR's journalists 鈥� helping them raise the right questions as they do their work and uphold the organization's standards.

See stories by Mark Memmott

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