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Jobless Claims in U.S. Fell Last Week for First Time in a Month
Filings for U.S. unemployment benefits declined last week for the first time in a month, heading back toward the lowest levels in more than a decade and signaling firings remain muted. Jobless claims fell 15,000 to 281,000 in the week ended July 11 from a revised 296,000 in the prior period, a Labor Department report showed Thursday in Washington. The median forecast of 46 economists surveyed by Bloomberg called for 285,000. Jobless claims can see-saw at this time of year as automakers shutter plants to retool operations for the new-model year, making it more difficult to discern the underlying trend. Firings have ... (full story)
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