Thursday, April 26, 2007

Initial Unemployment Claims in U.S. Declined 20,000 Last Week to 321,000

(Bloomberg) -- Fewer U.S. workers filed first-time applications for unemployment benefits last week, while total jobless rolls indicate some softening in the labor market.

Initial jobless claims fell by 20,000 to 321,000 in the week ended April 21, the Labor Department said today in Washington. The four-week moving average, a less volatile measure, increased, and the number of people continuing to collect benefits rose to a two-month high.


Read more at Bloomberg Currencies News

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