Jobless Claims Continue to Ease
For the third week in row the number of new jobless claims has eased.
The number of US workers claiming unemployment benefits for the first time eased last week, official figures showed on Thursday, lifting hopes that the pace of job losses may be slowing.
New jobless claims fell by 4,000 to 621,000 in the week ending May 30, the labour department said on Thursday. The decline was in line with economists’ expectations and marked the third consecutive week with fewer new claims.
This is a good sign, but it is far from conclusive that the recession is anywhere near over.
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