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Initial jobless claims drop to 457,000 (AP)


In this July 20, 2010 photo, Haley Wright, left, human resources professional with Plastipak Packaging Inc., meets with a prospective job applicant during a National Career Fairs Job Fair in Plano, Texas. New jobless claims fell last week for the third time in four weeks, but remain above 450,000, where they have been all year. (AP Photo/Tony Gutierrez)AP - New jobless claims fell last week for the third time in four weeks but remain elevated. The decline is a sign that the economy likely added jobs in July, although not enough to lower the nation's high unemployment rate.


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