Economics
U.S. Economy: Jobless Claims Decrease Less Than Forecast
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More Americans than forecast filed applications for unemployment benefits last week, signaling the job market is weakening as employers trim staff to cut costs.
Jobless claims fell by 6,000 to 422,000 in the week ended May 28, exceeding the 417,000 median forecast of economists surveyed by Bloomberg News, according to Labor Department figures today in Washington. Another report showed consumer comfort stabilized last week as gasoline prices retreated.