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Jobless Claims in U.S. Fell 11,000 Last Week to 346,000

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Jobless Claims in U.S. Fell 11,000 Last Week to 346,000
By Lorraine Woellert - Jun 6, 2013 8:45 AM ET

Fewer Americans filed applications for unemployment benefits last week, indicating companies are confident demand will be sustained in the face of federal budget cuts and tax increases.

Jobless claims decreased by 11,000 to 346,000 in the week ended June 1 from a revised 357,000, the Labor Department reported today in Washington. The median forecast of 47 economists surveyed by Bloomberg called for a drop to 345,000. Continuing claims declined for the second time in three weeks.

Bloomberg.com




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