Jobless Claims in U.S. Decreased 14,000 Last Week to 418,000
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U.S. initial jobless claims fell for the first time in three weeks, a sign the labor market is making little headway.
Jobless claims fell by 14,000 to 418,000 in the week ended July 2, Labor Department figures showed today in Washington. The median forecast of economists in a Bloomberg News survey called for a drop to 420,000. The number of people on unemployment benefit rolls and those getting extended payments also declined.