Initial Jobless Claims Fall More-than-Expected
Initial Jobless Claims Fall
More-than-Expected
The U.S. Labor Department released its weekly report on jobless claims Thursday, reporting a 2-and-a-half year low in initial claims. The report offers evidence of an ongoing recovery in the US job market, though the numbers do partially reflect the winding down of a spike in the data caused by extreme weather in January.
Initial claims for unemployment benefits fell 36,000 for the week to a seasonally adjusted 383,000 claims. It is the lowest total reported since early July, 2008. Economists had projected claims would dip, but only to 410,000. Analysts say that the report verifies a recent string of anecdotal reports suggesting the labor market is beginning to turn around.
The U.S. Labor Department released its weekly report on jobless claims Thursday, reporting a 2-and-a-half year low in initial claims. The report offers evidence of an ongoing recovery in the US job market, though the numbers do partially reflect the winding down of a spike in the data caused by extreme weather in January.
Initial claims for unemployment benefits fell 36,000 for the week to a seasonally adjusted 383,000 claims. It is the lowest total reported since early July, 2008. Economists had projected claims would dip, but only to 410,000. Analysts say that the report verifies a recent string of anecdotal reports suggesting the labor market is beginning to turn around.
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