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
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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