Applications for unemployment benefits continue to drop
POSTED: Wednesday, July 3, 2013 - 3:51pm
UPDATED: Wednesday, July 3, 2013 - 7:25pm
Applications for unemployment benefits fell to 343,000 last week which indicates continuing modest improvement in the job market.
Weekly unemployment benefit applications have fluctuated between 340,000 and 360,000 since March, signifying steady hiring.
The government's June jobs report will come out Friday. Some economists predict it will show the addition of 165,000 jobs and a slight decrease in the unemployment rate.