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- U.S. weekly jobless claims total 847,000
U.S. weekly jobless claims total 847,000
The data from
the Labor Department revealed on Thursday the number of applications for
unemployment fell more than expected last week, but remained elevated.
According to
the report, the initial claims for unemployment benefits decreased by 67,000 to
847,000 for the week ended January 23. Still, claims remained well above
pre-pandemic levels.
Economists had
expected 875,000 new claims last week.
Claims for the
prior week were revised upwardly to 914,000 from the initial estimate of 900,000.
Meanwhile, the
four-week moving average of rose grew to 868,000 from an upwardly revised 851,750
in the previous week.
Continuing
claims fell to 4,771,000 from a downwardly revised 4,974,000 in the previous
week.
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