updated 10/25/2007 9:19:29 AM ET 2007-10-25T13:19:29

The number of newly laid off workers filing claims for unemployment benefits fell by fewer than had been expected last week.

The Labor Department reported Thursday applications for unemployment benefits totaled 331,000, a decline of 8,000 from the previous week.

That improvement was smaller than the decline of 17,000 claims that economists had been expecting and was certain to raise concerns about whether the severe slump in housing and a serious credit crunch were beginning to adversely affect the overall economy.

The four-week average for claims rose by 7,750 to 324,750, its highest level since Sept. 1.

Copyright 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 5.03%
$30K home equity loan FICO 5.68%
$75K home equity loan FICO 4.87%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.42%
13.42%
Cash Back Cards 17.94%
17.94%
Rewards Cards 17.15%
17.15%
Source: Bankrate.com