Initial jobless claims decline
The number of people seeking unemployment benefits fell last week, evidence that layoffs remain at un- usually low levels and the job market is moving closer to full health.
Weekly applications for jobless aid dropped 12,000 to a seasonally adjusted 267,000, the Labor Department said, near 15-year lows reached two months ago. The four-week average, a less volatile measure, declined 2,000 to 276,750.
The number of people receiving benefits fell 50,000 to 2.22 million. That figure has fallen 14% in the last year.