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      45
      Saturday
      54 / 33
      Sunday
      55 / 34
      Monday
      42 / 30

      Jobless Claims Drop

      The number of people filing for first-time unemployment benefits fell last week for the second week in a row. The Department of Labor says 330-thousand people filed for first-time jobless claims in the week ending January 19. That's down five-thousand compared to the previous week.... and marks a new five-year low.

      Over the last two weeks, initial claims have plummeted by 45-thousand. It's unclear why claims have fallen so dramatically. But economists point to seasonal distortions in the data.

      (source: CNN)

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