Initial Jobless Claim 340,000 versus an expected 355,000

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Initial Unexpectedly Claims Fall to 340K; Firing Slows Amid Higher Payroll Taxes

March 7, 2013 9:09 AM EST

Americans filing for unemployment benefits fell to a six-week low last week as companies ease firings amid higher payroll taxes and improved housing metrics.

According to the U.S. Department of Labor, initial jobless claims came in at 340,000 apps for the week ended March 2, from an initial reading of... More