Jobless claims dip in latest week
Number of Americans applying for first-time unemployment benefits sinks to 639,000. 
NEW YORK (CNNMoney.com) -- The number of Americans filing initial claims for unemployment insurance fell last week, edging off recent highs, according to a government report released Thursday.
For the week ended Feb. 28, 639,000 Americans filed initial jobless claims, down 31,000 from the 670,000 claims reported the previous week. Economists polled by Briefing.com expected 650,000 claims.0:00 /5:27Unemployment lags economy
The 4-week moving average of initial claims increased by 2,000 to 641,750 from the previous week.
The number of Americans continuing on unemployment insurance dropped
by 14,000 to 5,106,000, edging off the record high set the prior week. 0:00 /1:19Investors flash back to 1997
The data is from the week ended Feb. 21, the most recent data available.
The 4-week moving average for people continuing on unemployment jumped by 76,750 to 5,011,000.
