Initial Jobless Claims in U.S. Decrease 1,000 to 404,000
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The number of Americans filing claims for jobless benefits was little changed last week, showing the labor market is making scant progress.
Applications for unemployment insurance payments decreased 1,000 in the week ended Oct. 8 to 404,000, Labor Department figures showed today. Economists forecast 405,000 claims, according to the median estimate in a Bloomberg News survey. The number of people on unemployment benefit rolls dropped to the lowest level in six months.