Initial Jobless Claims Fall

Market News Video
May 23, 2013 AT 10:58 AM
This morning, the Labor Department reported initial jobless claims fell by 23,000 claims to 340,000 last week, almost completely erasing the jump seen the prior week. Economists were concerned that the government's recent budget cuts would trickle down through the economy, impacting the labor market, but that does not seem to be the case just yet.