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Jobless Claims in U.S. Fell 11,000 Last Week to 346,000

Bloomberg (06/06/13) Lorraine Woellert

Jobless claims fell last week by 11,000 to 346,000 from a revised 357,000, according to the U.S. Department of Labor. A Bloomberg forecast by 47 economists anticipated a decline to 345,000. Continuing claims fell for the second time in three weeks. Meanwhile, the less-volatile four-week moving average increased to 352,500 last week from 348,000.