New unemployment claims drop below 400,000


http://www.bloomberg.com/news/2011-07-28/first-time-jobless-claims-in-u-s-decreased-last-week-to-three-month-low.html

Jobless claims fell by 24,000 to 398,000 in the week ended July 23, Labor Department figures showed today in Washington. The level of claims was fewer than forecast, as the median estimate of economists in a Bloomberg News survey called for a drop to 415,000. There were no special factors associated with the decrease other than the usual volatility that occurs each year in July, a Labor Department spokesman said.

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