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- U.S. jobless claims unexpectedly fell last week
U.S. jobless claims unexpectedly fell last week
The data from the Labor Department revealed on Thursday the number of
applications for unemployment benefits fell to a 49-1/2-year low last week, pointing
to sustained labor market strength.
According to the report, the initial claims for unemployment benefits
decreased 8,000 to 196,000 for the week ended April 6, the lowest level since
early October 1969.
Economists had expected 211,000 new claims last week.
Claims for the prior week were revised upwardly to 204,000 from the initial estimate of 202,000.
Meanwhile, the four-week moving average of claims dropped 7,000 to
207,000 last week, the lowest level since early December 1969.
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