Posted: Sep 10, 2009 2:19 PM by Bea Karnes
Updated: Sep 10, 2009 2:19 PM
The Labor Department says initial claims for unemployment insurance fell to a seasonally adjusted 550,000 last week from an upwardly revised 576,000 in the previous week.
The number of people continuing to receive benefits fell by 159,000 to nearly 6.1 million, the lowest level since early April.
Still, the figures remain significantly above levels associated with a healthy economy and indicate that jobs remain scarce.