initial Unemployment Claims Decrease in Jan. - 8 News NOW

Initial Unemployment Claims Decrease in Jan.

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LAS VEGAS -- Initial unemployment claims in January fell by 13.5 percent making it the second largest drop in the past 13 months.

In January, 20553 initial claims were filed in Nevada, compared to 23,736 in January 2012.

"In recent months initial claims have been nearly flat over the year, but this decline combined with a 7 percent drop in December suggests that there may be further room for unemployment claims to fall," said Bill Anderson, the chief economist for Nevada's Department of employment, Training and Rehabilitation.

"Because of the relationship between initial claims and job separations, this remains an indication of growing stability in the labor market," Anderson said.

Initial claims peaked during the recession at 36,414 in December 2008.

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