![New U.S. jobless claims fall](https://www.benefitscanada.com/wp-content/uploads/sites/7/2010/12/news-paper-headline.jpg)
Last week, new U.S. unemployment benefits claims dropped more than expected, reaching their lowest level in more than two years.
Initial claims for state unemployment benefits fell to an adjusted 388,000, the lowest reading since July 2008, the Labor Department said today. This was well below economists’ expectations of 415,000.
The prior week’s figure was revised up to 422,000 from the previously reported 420,000.