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Home / Government / Jobless claims dip, spending up in sign of rebound (1:18 p.m. 11/25/09)

Jobless claims dip, spending up in sign of rebound (1:18 p.m. 11/25/09)

By JEANNINE AVERSA and MARTIN CRUTSINGER AP Economics Writers WASHINGTON (AP) — In a hopeful sign for the economy, the number of newly laid-off workers filing claims for unemployment benefits fell below 500,000 last week for the first time since January. Consumer spending also picked up in October, and new-home sales hit their highest point in more than ...

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