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9/6/2012 8:45:00 AM Write a Letter to the Editor Write a letter to the Editor

Initial Jobless Claims Drop for Week

Initial jobless claims dropped by 12,000 to 365,000 in the week ended Sept. 1, the Labor Department said Thursday.

Economists had called for a decline to 370,000, Bloomberg reported.

The four-week moving average, a less volatile measure, climbed to 371,250 from the previous week’s average of 371,000.

Continuing jobless claims for the previous week ended Aug. 25 fell by 6,000 to 3.32 million.

By Transport Topics

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