(Chicago, IL) -- New claims for unemployment benefits fell slightly more than expected last week. The Labor Department says 457-thousand initial claims were filed in the week ending July 24th, eleven-thousand fewer claims than the previous week. However, Challenger, Grey and Christmas CEO John Challenger says the figures are misleading.
Analysts had expected a smaller decline of about 45-hundred. In the week ending July 17th, the total number of claims for unemployment benefits, including continuing claims, was just over four-and-a-half-million. The insured unemployment rate was three-point-six percent.
Challenger, Grey and Christmas CEO John Challenger says new claims for unemployment benefits fell slightly more than expected last week.
Challenger says there are some areas that are creating jobs.
Challenger says people have to be more aggressive in their job search.
