The number of people filing first-time clams for unemployment insurance fell by 27,000 last week, to 341,000 from 368,000 the week before.
that the "4-week moving average was 352,500, an increase of 1,500." That average, in theory, gives a better picture of the trend.
, the drop last week was larger than expected and points to "a continued steady improvement in labor market conditions." The slight uptick in the 4-week average, though, underscores that the improvement appears to be slow.
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