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- U.S. weekly jobless claims fall more than expected
U.S. weekly jobless claims fall more than expected
First-time
claims for U.S. unemployment benefits fell by more than expected in the week
ended August 10th, according to a report released by the Labor Department on
Thursday, with jobless claims falling to their lowest level in over five years.
The Labor Department
said initial jobless claims fell to 320,000, a decrease of 15,000 from the
previous week's revised figure of 335,000. Economists had expected jobless
claims to edge down to 330,000 from the 333,000 originally reported for the
previous week.
With the
bigger than expected decrease, initial jobless claims fell to their lowest
level since hitting
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