U.S. Jobless Claims Fall, but Still Above 400,000

(Reuters) - New claims for U.S. unemployment benefits fell last week, the Labor Department said on Thursday, though the previous week's figures were revised higher.

Weekly claims dipped to 405,000 from 427,000 in the week ending July 9, having remained above 400,000 for 14 straight weeks. Economists polled by Reuters had been looking for a smaller decline to 415,000.