WASHINGTON (AP) -- The number of Americans filing for unemployment benefits dropped below the 300,000 level last week, signaling continued strength in the labor market despite a recent slowdown in job creation.þþThe Labor Department reported Thursday that jobless claims totaled 298,000 last week, a drop of 7,000 from the previous week.þþThat was a bigger improvement in claims than analysts had been expecting and provided evidence of strength in a labor market that has experienced a significant slowing in job creation in recent months.þþ
Source: NY Times
