Drop in initial jobless claims surprises economists

03/14/2013 | Reuters · MSNBC · Medill Reports (Northwestern University)

Initial claims for unemployment benefits in the U.S. decreased by 10,000 last week, to an adjusted 332,000, the third consecutive week of decline, the Labor Department said. Economists surveyed by Reuters had expected an increase to 350,000. The four-week rolling average, a better indicator of labor-market conditions, reached its lowest level in five years.

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Reuters · MSNBC · Medill Reports (Northwestern University)

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