Initial Jobless Applications Lower Than Expected
Washington, DC, March 21, 2013 -- Initial applications for unemployment benefits last week were lower than expected, according to Labor Department statistics.
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Applications increased by 2,000 to 336,000 in the week ended March 16, lower that the 340,000 claims expected by economists.
The four-week moving average of claims dropped to a five-year low of 339,750 from 347,250.