First-time unemployment claims surprisingly decrease

Initial jobless claims in the U.S. declined by 7,000 last week, to a seasonally adjusted 340,000, the Labor Department says. Economists had expected an increase to 355,000. The four-week rolling average, seen as a better indicator of labor-market conditions, reached its lowest rate since March 2008.

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New York Times (tiered subscription model), The · Medill Reports (Northwestern University)

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