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Initial jobless claims fell 4,000 last week, the Labor Department said Thursday.

The decline to 310,000 new claims was below than economists’ forecasts of 314,000, Bloomberg reported.

The less-volatile four-week moving average rose to 304,500.

The number of people continuing to collect benefits fell to 2.472 million for the previous week ended May 19, from 2.524 million a week earlier, Labor reported.