Black Money: Job Losses Decline a little bit

NEW YORK (CNNMoney.com) -- The number of Americans filing for initial unemployment insurance fell more than expected last week, but ongoing claims ticked higher, according to government data released Thursday.

There were 601,000 initial jobless claims filed in the week ended June 6, down 24,000 from 625,000 the previous week, the Labor Department said.

Economists expected 615,000 new claims, according to a consensus survey by Briefing.com.

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