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U.S. jobless claims fall
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June 14, 2001: 8:51 a.m. ET
First-time claims dip to 428,000 in latest week; 4-week average gains
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NEW YORK (CNNfn) - The number of new U.S. claims for state unemployment benefits fell to 428,000 last week from a revised 440,000 the prior week, the Labor Department reported Thursday.
Analysts surveyed by Briefing.com had forecast new claims of 425,000 for the week ended June 9.
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The four-week moving average of new claims, considered a better gauge of jobless trends, rose to 424,500 from the previous week's 415,500 and the highest level since Aug. 8, 1992, when it reached 445,500.
Economists watch the four-week moving average more closely since it smoothes fluctuations in the weekly data.
Continued claims -- those by workers who already have claimed at least a week of benefits – rose to about 2.93 million in the week ended June 2, the latest data available, from a revised 2.98 million the previous week 
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