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Thursday, July 26, 2007

U.S. Initial Jobless Claims Fell 2,000 to 301,000 Last Week

" First-time claims for jobless benefits unexpectedly fell last week to the lowest in two months, a sign that the U.S. labor market remains resilient.

Initial jobless claims decreased by 2,000 to 301,000 in the week that ended July 21, the Labor Department said today in Washington. The four-week moving average, a less volatile measure, fell to 308,500 from 312,500. "

Source: U.S. Initial Jobless Claims Fell 2,000 to 301,000 Last Week (http://www.bloomberg.com/apps/news?pid=20601087&sid=adLkYbszUDA0&refer=home)