U.S. Jobless Claims Unexpectedly Decline to 324,000

U.S. Jobless Claims Unexpectedly Decline to 324,000 Play

May 2 (Bloomberg) -- The number of Americans filing claims for jobless benefits unexpectedly dropped last week to the lowest level in more than five years, indicating companies are retaining staff even as the economy cools. Applications for unemployment insurance payments fell 18,000 to 324,000 in the week ended April 27, the fewest since January 2008, Labor Department figures showed today in Washington. Betty Liu and Michael McKee report on Bloomberg Television's "In the Loop." (Source: Bloomberg)

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