Initial jobless claims rise, but continuing claims fall


It was a bit of a wash on the employment front -- initial jobless claims rose 25,000 to 584,000, the Labor Department announced Thursday, but both the four-week moving average and continuing claims extended their downward treks.

The four-week moving average for initial jobless claims decreased 8,250 to 559,000, while continuing claims fell 54,000 to 6.197 million.