Unemployment claims fall by 23,000

(May 23, 2013) -- Initial unemployment claims in the United States dropped 23,000 the week ending May 18 after jumping 35,000 to an upwardly revised 363,000 (was 360,000) the previous week. Continuing claims for the week ending May 11 declined by 112,000 to 2,912,000, the first time the measure has been below the 3,000,000 mark since May 2008.