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- U.S. weekly jobless claims decrease more than forecast
U.S. weekly jobless claims decrease more than forecast
U.S. weekly
jobless claims decrease more than forecast
The data from
the Labor Department revealed on Thursday the number of applications for
unemployment benefits fell more than forecast last week, consistent with strong
labor market conditions.
According to
the report, the initial claims for unemployment benefits decreased by 8,000 to
a seasonally adjusted 211,000 for the week ended November 2. That was the
lowest level in a month.
Economists had
expected 215,000 new claims last week.
Claims for the
prior week were revised upwardly to 219,000 from the initial estimate of 218,000.
Meanwhile, the
four-week moving average of claims rose by 250 to 215,250.
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