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U.S. Weekly Jobless Claims Show Modest Decrease

First-time claims for U.S. unemployment benefits showed a modest decrease in the week ended February 2nd, according to a report released by the Labor Department on Thursday, although claims remain well above the five-year low set last month.

The report showed that initial jobless claims dipped to 366,000, a decrease of 5,000 from the previous week's revised figure of 371,000. Economists had expected jobless claims to fall to 360,000 from the 368,000 originally reported for the previous week.

by RTTNews Staff Writer

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