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Unemployment Benefits
Jobless claims fell more than expected last week
Jobless claims fell more than expected last week

Initial jobless claims dropped more than forecast last week, underscoring improvement in the labor market. New claims for unemployment benefits fell by 14,000 from the previous week to 298,000, the Labor Department said Thursday. Economists had expected Americans to file 300,000 claims during the week ended Saturday, according to FactSet. The prior week's claims were revised up 1,000 to 312,000. The four-week average for benefit applications, a less volatile measure, increased by 4,750 to 300,750.  That number, however, is still relatively low and at prerecession levels. The job market has shown signs of improvement lately. In July the U.S. added more than 200,000 net new...

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