Economics
Jobless Claims in U.S. Decreased 27,000 Last Week to 300,000
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Fewer Americans than forecast filed applications for unemployment benefits last week, a sign the labor market continues to strengthen.
Jobless claims fell by 27,000 to 300,000 in the week ended May 24, a Labor Department report showed today in Washington. The median forecast of 50 economists surveyed by Bloomberg called for 318,000. The four-week average declined to the lowest level since August 2007, before the last recession began.