U.S. Department of Labor
Weekly unemployment benefit applications dropped 24,000 to 297,000, the Labor Department said Thursday. That’s the fewest since May 12, 2007. The four week average, a less volatile measure, dipped 2,000 to 323,250.
Billy Hunter is being placed on an indefinite leave as executive director of the NBA players association, following a report that was critical of his leadership and urged players to consider his future with the organization.