Weekly Jobless Claims Fall To 440,000

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In a positive sign for the beleaguered labor market, the Labor Department released a report on Thursday showing that first-time claims for unemployment benefits fell by much more than expected in the week ended February 6th.

The report showed that initial jobless claims fell to 440,000 from the previous week's revised figure of 483,000. Economists had been expecting jobless claims to slip to 465,000 from the 480,000 originally reported for the previous week.

In a positive sign for the beleaguered labor market, the Labor Department released a report on Thursday showing that first-time claims for unemployment benefits fell by much more than expected in the week ended February 6th. (Market News Provided by RTTNews)