Jobless claims edge down, continued claims slide

29 October 2009 @ 08:51 am EDT

WASHINGTON - The number of U.S. workers filing new claims for jobless benefits dipped by 1,000 last week, while the number collecting long-term aid fell to the lowest reading in seven months as the job market steadied.

Initial claims for state unemployment insurance declined, though the number was higher than expected, to a seasonally adjusted 530,000 in the week ended October 24, the Labor Department said. Analysts polled by Reuters had forecast claims to fall to 521,000 last week from 531,000.

(Reporting by Alister Bull, Editing by Chizu Nomiyama)

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Jobless claims edge down, continued claims slide

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