 Inflation cooling for a third straight month. The Consumer Price Index shows prices were 3% higher in June compared to a year ago. A bigger drop than expected. There's also a slowdown in layoffs. The number of first-time unemployment claims stood at 222,000 in the week ending July 6th. That's a drop of 17,000 from the week before. The more stable four-week moving average of jobless claims also has been falling. But these latest numbers come after a week in which claims for unemployment surged to a one-year high. ABC's Jim Ryan.