Claims for unemployment benefits fall; future looks bumpy -May-19-2011--

Claims for unemployment benefits fall; 

future looks bumpy 

-May-19-2011--WASHINGTON - The number of people applying for unemployment benefits fell sharply for the second straight week, but a private research group's forecasting gauge posted its first drop since June 2010.

The index has moved steeply higher in four of the past five months as the job market improved and the stock market rallied. Last month's spike in the number of people filing for unemployment assistance — which many economists think was temporary — and a troubled housing market are weighing on the indicators.

Jobless Claims Fall More Than Forecast, Reversing Surge 

Weekly U.S. jobless claims drop to 409000

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