Initial jobless claims plunge

Initial jobless claims plunged to 610,000 in the week ended April 11, reported the U.S. Department.

That's a decline of 53,000 from the prior week, which the government revised to 663,000.

Meanwhile, a record 6 million people continued to file unemployment claims during the week ended April 4.

Initial jobless claims were expected to total 658,000 in the week ended April 11, according to a consensus of economist forecasts compiled by Briefing.com.

Read Full Article from CNNMoney.com

- Posted: 2009-04-16 07:49:21

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