First-Time Unemployment Claims Fall

NEW YORK (CNNMoney.com) -- New filings for unemployment claims dropped more than expected last week, but continuing claims remained high, according to a government report released Thursday.
Initial filings for state jobless benefits decreased by a seasonally-adjusted 24,000 to 351,000 in the last week of February, the Labor Department said. The consensus estimate of economists surveyed by Briefing.com was for claims to fall to 360,000.
The four-week moving average of new jobless claims fell by 1,500 from last week to 359,500.
Continuing unemployment insurance claims from those already receiving benefits rose in the week ending February 23 to 2.83 million, up 29,000 from the previous week. The four-week moving average for continued claims rose by 12,750 to 2.79 million.