Bloomberg (07/17/14) Michelle Jamrisko
The number of people applying for unemployment benefits in the week ended July 12 dropped by 3,000 to 302,000, a sign that the labor market continues to strengthen, according to the U.S. Department of Labor. The 51 economists surveyed by Bloomberg had forecast claims of 310,000. The four-week moving average of claims dropped by 3,000 to 309,000, the lowest level since June 2007.
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