(Reuters) WASHINGTON - The number of unemployed workers seeking U.S. initial jobless compensation fell 10,000 last week, a government report said on Thursday, while a less volatile gauge of labor trends rose to its highest level in four months.

First-time claims for state unemployment insurance, an early reading on the resilience of the job market, fell for the second straight week, to 330,000 last week from a revised 340,000 in the prior week, the Labor Department said.

The new claims level matched Wall Street economists' forecast for a drop from the 334,000 originally reported in the week ended April 2.

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