Jobless Claims Off 1,000

Washington, DC, June 7, 2007--First-time jobless claims fell by 1,000 to a seasonally adjusted 309,000 the week ended June 2, according to the Labor Department.  It was the lowest level since the week ended May 12.

Economists were expecting to increase to a level of 312,000.

The four-week average of new claims rose by 2,750 to 307,250 in the week ended June 2.