Jobless Claims in U.S. Declined by 16,000 Last Week
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Fewer Americans than forecast filed applications for unemployment benefits last week, indicating the pickup in firings that began in April is abating.
Jobless claims declined by 16,000 to 414,000 in the week ended June 11, Labor Department figures showed today in Washington. Economists surveyed by Bloomberg News projected 420,000 filings, according to the median forecast. The number of people on unemployment benefit rolls and those receiving extended payments decreased.