Custom Search

Thursday, July 19, 2007

U.S. Initial Jobless Claims Fell 8,000 to 301,000

" 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 8,000 to 301,000 in the week that ended July 14, the Labor Department said today in Washington. The four-week moving average, a less volatile measure, fell to 312,000 from 318,250. "

Source: U.S. Initial Jobless Claims Fell 8,000 to 301,000 (Update1) (http://www.bloomberg.com/apps/news?pid=20601068&sid=aVRms53vBFjo&refer=economy)