The number of Americans filing new claims for jobless benefits hit a three-month low last week, suggesting some strength in a labor market that has been hobbled by severe weather.
Other data on Thursday showed a second straight monthly decline in factory orders in January, likely because unusually cold and snowy weather disrupted activity.
Initial claims for state unemployment benefits tumbled 26,000 to a seasonally adjusted 323,000, their lowest level since the end of November, the Labor Department said.
“Initial claims returned to a more normal level, consistent with healthy labor market conditions,” said Yelena Shulyatyeva, an economist at BNP Paribas in New York.
For all the latest India News, download Indian Express App now