Applications for U.S. unemployment insurance declined last week by more than forecast, underscoring a persistently tight labor market.
Initial unemployment claims decreased by 8,000 to 210,000 in the week ended May 21, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for a drop to 215,000.
Continuing claims for state benefits rose to 1.35 million in the week ended May 14.
