Weekly Jobless Claims Drop, Suggesting Improved Labor Market

unemployment benefits labor market
unemployment benefits labor market

WASHINGTON -- The number of Americans filing jobless claims fell more than expected last week, suggesting some traction in the labor market recovery.

Initial claims for state unemployment benefits dropped 22,000 to a seasonally adjusted 344,000, the Labor Department said on Thursday. The prior week's claims figure was revised to show 4,000 more applications received than previously reported.