Follow Us:
Tuesday, November 30, 2021

US Jobless claims fall to lowest in a month

Economists polled had expected first-time applications to fall to 345,000 last week.

Written by Reuters | Washington |
December 27, 2013 2:30:12 am

The number of Americans filing new claims for unemployment benefits fell last week to the lowest level in nearly a month,a hopeful sign for the labour market.

Initial claims for state unemployment benefits decreased 42,000 to a seasonally adjusted 338,000,the US Labor Department said on Thursday. Claims for the prior week were revised to show 1,000 more applications received than previously reported.

Economists polled by Reuters had expected first-time applications to fall to 345,000 last week.

New jobless claims have trended higher since September,although economists say their level is still consistent with job growth. Other labour market indicators have pointed to strengthening job growth. The four-week moving average for new claims,which irons out week-to-week volatility,increased 4,250 to 348,000.

📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines

For all the latest News Archive News, download Indian Express App.

  • Newsguard
  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
  • Newsguard