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    Jobless claims little changed last week

    Thu, 05/24/2012 - 08:32 EDT - Yahoo! Business News
    • YahooBizNews

    File photo of a man looking at employment opportunities at a jobs center in San FranciscoWASHINGTON (Reuters) - New claims for unemployment benefits fell slightly last week, government data on Thursday showed, suggesting the labor market continues to expand at a moderate pace. Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 370,000, the Labor Department said. The prior week's figure was revised up to 372,000 from the previously reported 370,000. Economists polled by Reuters had forecast claims unchanged last week. The four-week moving average for new claims, considered a better measure of labor market trends, dropped 5,500 to 370,000. ...

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      WASHINGTON (Reuters) - New claims for unemployment benefits fell back to a four-year low last week, a government report showed on Thursday, suggesting further strengthening in the labor market. Initial claims for state unemployment benefits dropped 14,000 to a seasonally adjusted 351,000, the Labor Department said. That took claims back to a four-year low reached in February. The prior week's figure was revised up to 365,000 from the previously reported 362,000. Economists polled by Reuters had forecast claims falling to 356,000 last week. ...

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