|Chennai||Rs. 27770.00 (0.07%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
: Weekly U.S. unemployment benefit applications fell 25,000 last week to a seasonally adjusted 370,000, the government said Thursday. The third straight drop shows a temporary spike caused by Superstorm Sandy has faded.
PRE-STORM LEVELS: Weekly applications are back to pre-storm levels that are consistent with modest hiring. Applications had spiked a month ago after Sandy shuttered businesses in the Northeast.
QUICK RECOVERY: Some analysts were encouraged by the quick drop. Pierre Ellis, an economist at Decision Economics, said the decline suggests companies are quickly re-hiring workers displaced by the storm. Rebuilding and repair efforts could also be creating jobs, he said.