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Charles Living

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Charles Living

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Thursday, 08/09/2012 2:51:05 PM

Thursday, August 09, 2012 2:51:05 PM

Post# of 531
Weekly Jobless Claims Fall, Trade Gap Drops 10 Percent

Published: Thursday, 9 Aug 2012
By: Reuters

The number of Americans filing new claims for jobless benefits fell last week while the trade deficit in June was the smallest in 1-1/2 years, hopeful signs for the struggling economy.

Initial claims for state unemployment benefits slipped 6,000 to a seasonally adjusted 361,000, the Labor Department said on Thursday, suggesting a modest improvement in the jobs market.

Economists polled by Reuters had forecast claims rising to 370,000 last week. The four-week moving average of new claims, a better measure of labor market trends, rose 2,250 to 368,250...
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