U.S. Initial Jobless Claims Fall to 377,000

June 7 (Bloomberg) -- Fewer Americans applied for unemployment insurance payments last week, indicating limited progress in the labor market after a two-month slowdown in hiring. First-time claims for jobless benefits fell by 12,000 to 377,000 in the week ended June 2 from a revised 389,000 the prior week that was higher than initially estimated, the Labor Department said today. Betty Liu, Sara Eisen and Michael McKee report on Bloomberg Television's "InsideTrack." (Source: Bloomberg)