The drop is another sign that after several weeks of spikes because many people were thrown out of work due to damage related to late October's Superstorm Sandy, claims have now settled back into the range where they've been for most of the past year.
The line was long last week at a job fair in Chicago.
Credit Scott Olson / Getty Images
There were 439,000 first-time claims for unemployment insurance last week, up by 78,000 from the week before, the Employment and Training Administration says. Behind the big increase: Superstorm Sandy, which threw some people in the Mid-Atlantic onto the unemployment rolls and shut down state unemployment offices the week before — meaning that some claims were postponed into last week.