Weekly Jobless Claims Fall Sharply, Could Point To Strong Hiring

weekly jobless claims unemployment labor market jobs
weekly jobless claims unemployment labor market jobs

By Jason Lange

WASHINGTON -- The number of Americans filing new claims for jobless benefits dropped more than expected last week to its lowest level in four months, a possible sign that hiring could pick up in July.

Initial claims for state unemployment benefits fell by 24,000 to a seasonally adjusted 334,000, the Labor Department said Thursday.