Posted Aug. 7, 2009 at 9:46 AM

Issues: Ethics

http://www.reuters.com/article/topNews/idUSTRE5752PD20090807?feedType=RSS&feedName...

The number of U.S. workers submitting new claims for jobless benefits fell sharply last week, fanning hopes the fragile labor market was on the mend and that the broader economy was stabilizing.Initial claims for state unemployment insurance fell 38,000 to a seasonally adjusted 550,000 in the week ended August 1, the Labor Department said on Thursday, beating market expectations for a drop to