Initial claims for state unemployment benefits dropped 58,000 to 346,000 in the July 5 week, the Labor Department reported yesterday.

The week’s decrease fell below expectations, which had centered on a median of 415,000 in a Market News International survey.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.