Submitted by Fox First at Ten on November 1st
By The Associated Press
FEWER SEEK JOBLESS AID: Weekly applications for U.S. unemployment benefits dropped 9,000 last week to a seasonally adjusted 363,000, the Labor Department said Thursday. The level is consistent with modest hiring.
LITTLE CHANGE: Applications have fluctuated between 360,000 and 390,000 since January. During that time, employers have added an average 150,000 jobs a month and the unemployment rate has fallen from 8.3 percent to 7.8 percent.
JOBS REPORT: The government on Friday will issue the October employment report, the last broad snapshot of the economy before the election.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
