The U.S. Labor Department said first-time jobless benefits claims dropped by 5,000 in the week that ended Saturday. Initial claims for unemployment benefits reached pre-recession levels in the previous week with a decline of 37,000 first time claims.
Last week's total of 335,000 initial claims was left unrevised. In the week that ended Saturday, the total came to 330,000 first-time claims.
The four-week rolling average for the week dropped by 8,250 to 351,750.
In the current week, the unadjusted advance number of first-time unemployment benefits claims under state programs totaled 436,766 for the week, a 119,944 drop from the previous week, the Labor Department said.
For the comparable week of 2012, there were 416,880 initial claims.
Most Popular Stories
- Facebook, Twitter Announce Apps for Google Glass
- Will Yahoo Splurge on $1-Billion acquisition of Tumblr?
- European Car Sales up First Time in 20 Months
- Google Fiber Making an Impact
- 'Star Trek Into Darkness': The Return of Khan?
- Entrepreneurs Chase Social Media
- Exciting Night for UFC Fans
- Teen Drivers Should Be Prepared for Any Car-Related Situation
- Summer Movies Aimed at Young Men, Teen Boys
- RFD-TV launches on Charter Cable