Business Update: Holiday freeze

First-time unemployment claims fell last week, but the total number of jobless claims jumped to a 26-year high, the Labor Department announced. Mortgage rates fell in the week ended January 8, according to Freddie Mac. Conway Gittens reports from New York.

Reuters | January 8, 2009

Tags:. .gittens. .jobless. .conway. .firsttime. .unemployment