Initial unemployment claims decline in U.S.

05/2/2013 | Market News International

Experts had expected a small increase in first-time jobless claims last week, but applications declined to their lowest level since January 2008. The Labor Department says claims decreased by 18,000, to 324,000. The four-week rolling average, which gives a better picture of labor-market conditions, declined a second consecutive week, to 342,250.

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