Jobless Claims in U.S. Unexpectedly Drop to Eight-Year Low

Jobless Claims in U.S. Unexpectedly Drop to Eight-Year Low

photographer: Jeff Kowalsky/Bloomberg

Michigan, New Jersey and Ohio were among states that reported the biggest decrease in claims in the week ended July 12 amid fewer firings in manufacturing and transportation industries. That may indicate more auto plants than usual remained open this year to meet improving demand. photographer: Jeff Kowalsky/Bloomberg