Jobless Claims Edge Down Last Week

Washington, DC, April 26, 2012 --  Initial applications for unemployment benefits fell slightly last week, according to the Labor Department.

Initial claims dropped by 1,000 to a seasonally adjusted 388,000, the Labor Department said on Thursday.

The prior week's figure was revised up to 389,000 from the previously reported 386,000.

Economists had forecast new claims falling to 375,000 last week.