Jobless Claims Drop to 502,000
WASHINGTON-- The number of U.S. workers filing new claims for jobless insurance fell for the second week in a row and the four-week moving average of claims was the lowest in nearly a year, government data showed on Thursday, pointing to improvements in the labor market. Initial claims for state unemployment benefits dropped last week to a seasonally adjusted 502,000, the lowest since January, from a revised 514,000 the prior week...........
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Tags: Government Data, Improvements, Initial Claims, Insurance, Jobless Claims Drop, Moving Average, State Unemployment Benefits