Thursday, June 16, 2011

Jobless claims declined by 16,000 to 414,000 in the week ended June 11, Labor Department figures showed today in Washington. Economists surveyed by Bloomberg News projected 420,000 filings, according to the median forecast. The number of people on unemployment benefit rolls and those receiving extended payments decreased.

The Labor Department revised the prior week's figure to 430,000 from the 427,000 initially reported.

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