EARNINGSGap profit falls in 1st quarterGap said that its first-quarter profit fell 22 percent, as the clothing chain's results were hampered by foreign currency fluctuations and a slow start to spring selling. [...] the San Francisco retailer, which operates stores under the Gap, Old Navy and Banana Republic names, reiterated its annual profit outlook. "After a disappointing start, I'm pleased with how the business performed toward the end of the quarter, especially at Old Navy," Glenn Murphy, chairman and CEO, said in a statement. ECONOMYJobless claims up, but still lowThe number of people seeking U.S.