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Initial jobless claims sink

Sam Ro   

Initial jobless claims sink

pink slip jobless claims fired

TBI

The labor market continues to send encouraging signals.

Initial jobless claims fell to 289,000 from 325,000 a week ago.

This was lower than the 305,000 expected by economists.

This brought the four-week moving average down to 304,750.

Continuing claims declined to 2.418 million from 2.423 million last week.

"The trend in claims continues to hover around that of the pre-recession trough," BNP Paribas economists Derek Lindsay said.

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