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A run of disappointing economic data led forecasters across Wall Street to lower their expectations for fall growth.
The agency also asked all the state's 57 public schools to provide basic financial and enrollment information, including the current cash situation, cuts in faculty and staff, and expectations for fall enrollment "in light of concerns prospective students may have about the stability of higher education in the state".
All schools were asked to provide, by Feb. 18, basic financial and enrollment information, including the current cash situation, cuts in faculty and staff, and expectations for fall enrollment "in light of concerns prospective students may have about the stability of higher education in the state".
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"Expectations for falling wages have become entrenched.
It was the biggest weekly fall in claims since early May last year and exceeded expectations for a fall to 380,000.
While the initial claims decline was more than economists' expectations for a fall to 420,000, for a sixth straight week they remained above the 400,000 level that is normally associated with stable job growth.
The decline was more than economists's expectations for a fall to 420,000.
He added that expectations for the fall remain robust, however.
This was not as low as Wall Street expectations for a fall to 387,000 from the 390,000 originally reported for the week ended June 8.
Drugstore chain Rite Aid and truck and engine maker Navistar International tapped the cash flowing into high-yield bond markets this week as borrowing costs dropped and expectations for trouble fell.
Current sales conditions fell one point; expectations for future sales fell two points; And a gauge of home buyer traffic dropped three points.
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