Initial Jobless Claims Edge Down

Washington, DC, June 7, 2012 -- Initial applications for unemployment benefits declined last week, according to the Labor Department.

First-time claims fell by 12,000 to a seasonally adjusted 377,000 in the week ended June 2.

The previous week's claims were revised up to 389,000 from an original reading of 383,000.

Economists had projected claims would fall to 380,000.