Thursday, June 08, 2006

U.S. initial jobless claims down 35,000 to 302,000

And the good news keeps on coming.

WASHINGTON (MarketWatch) -- Initial claims for unemployment benefits fell last week to 302,000, well below what economists were expecting, the Labor Department reported Thursday. First-time claims fell by 35,000 from the previous week's revised figure of 337,000. The four-week average of new claims fell by 5,750 to 327,750. Economists surveyed by MarketWatch were expecting claims to come in at 326,000 for the week ending June 3

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