Jobless claims fall 18,000 in latest week
Thu May 8, 8:57 AM ET
First-time jobless claims fell to 365,000 in the week ended May 3 from an upwardly revised 383,000 for the prior week, the Labor Department said.
Economists polled by Reuters had forecast the number of new claims at 370,000, compared with the originally reported 380,000 in the week ended April 26.
The four-week moving average of new claims, considered by economists a more reliable gauge of labor trends because it irons out weekly volatility, rose to 367,000 in the week ended May 3 from 364,500 in the previous week.
(Reporting by Nancy Waitz and Lisa Lambert, Editing by Chizu Nomiyama)
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