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US unemployment claims fall, showing downward trend in job losses

Published on Jun 19, 2014 10:35 PM
 
Ms Wendy Larsen (left) speaks to candidates at a job fair in Chicago, Illinois, on June 12, 2014. New US claims for unemployment insurance benefits fell last week, continuing to point to a downward trend in job losses, official data released on June 19 showed. -- PHOTO: AFP 

WASHINGTON (AFP) - New US claims for unemployment insurance benefits fell last week, continuing to point to a downward trend in job losses, official data released on Thursday showed.

The Labor Department said initial jobless claims fell by 6,000 to 312,000 in the week ending June 14, following three straight weeks of gains. The previous week's level was revised up to 318,000 from 317,000.

The number of new claims last week came in slightly below the consensus estimate of 313,000.

First-time claims, a sign of the pace of layoffs, have been declining over the past year amid job growth that has picked up in recent months.

 
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