Thu, 24 Oct 2013 16:07:12 GMT
US initial unemployment benefits fall 12,000, missing economists' expectations
Initial claims for unemployment benefits dropped 12,000 to 350,000, which is 4,000 more than expected, comparing to 362,000 in previous week, Labor Department revealed on Thursday. The Labor Department estimates a fall of approximately 18,000 initial jobless claims to 340,000, while the official US unemployment rate slid 1% to 7.3% last month.