Jobless claims fall again, but continuing claims rise


The "green shoots" on the job front continue to grow, albeit slowly. Initial jobless claims fell another 24,000 to 601,000 for the week ended June 6, the U.S. Labor Department announced Thursday.

Economists surveyed by Bloomberg News had expected this week's initial jobless claims to total 625,000. Another positive sign for the economy: the four-week moving average decreased 10,500 to 621,750.