WASHINGTON (TheStreet) -- The number of newly jobless workers filing for unemployment benefits fell by a surprisignly large amount this past week, reaching the lowest level for the figure in 10 months.
Accoridng to the Labor Department, first-time claims for jobless benefits fell by 20,000 to a seasonally adjusted 512,000. Economists had expected 523,000 new claims. Regardless, economists also expect the unemployment rate to hit 9.9 percent when October's figure is reported tomorrow. The four-week average, which smooths fluctuations, dropped to 523,750, its ninth straight decline. The number of people claiming benefits for more than a week fell by 68,000 to 5.75 million, above analysts' estimates but its eighth fall in nine weeks. -- Written by Ty Wenger in New York Follow TheStreet.com on Twitter and become a fan on Facebook.>To order reprints of this article, click here: ReprintsTheStreet Premium Services For Personal Service: 877-471-2967
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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| 12,801.23 | 1,342.64 | 2,903.88 | 19.69 |
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23.35 |
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