New jobless claims fall more than expected to 654K - News, Weather, Sports, Toledo, OH

New jobless claims fall more than expected to 654K

WASHINGTON (AP) - New jobless claims fell more than expected last week, while those continuing to receive unemployment insurance set a record for the 11th straight week.

The Labor Department says the tally of initial jobless claims fell to a seasonally adjusted 654,000, down from a revised 674,000 the previous week.

Analysts expected claims to drop to 660,000. Ohio had one of the largest increases in new claims, up by 3,000 due to layoffs in manufacturing.

The total number of laid-off Americans receiving unemployment rose to 5.84 million, from 5.75 million, the most on records dating from 1967 and higher than analysts expected.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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