Fewer Americans than forecast filed applications for unemployment benefits last week, showing companies are refraining from firing workers even as growth cools this quarter.
Jobless claims dropped by 12,000 to 334,000 in the week ended June 8 from 346,000 the prior period, the Labor Department reported today in Washington. The median forecast of 51 economists surveyed by Bloomberg called for 346,000. No states were estimated and there was nothing unusual in the data, a Labor Department spokesman said as the figures were released.
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