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U.S. jobless claims fall by 3,000

April 1, 2004

WASHINGTON (AP) -- The number of people filing first-time claims for unemployment benefits fell last week.

The Labor Department reports that new jobless claims declined by 3,000 to 342,000.

Also, the government revised its initial estimate for the previous week, raising it by 6,000 to 345,000.

The more stable four-week average was unchanged at 340,250, the lowest level since the week after President Bush took office.

The sluggish job market has been the subject of much debate as the overall economy has shown signs of growth.

On Friday, the Labor Department is scheduled to report on the number of jobs created in March.

 


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