RSS   Newsletter   Contact   Advertise with us

U.S. jobless claims unexpectedly decline

Share on Twitter Share on LinkedIn
Staff Writer | August 25, 2016
The number of Americans filing for unemployment benefits unexpectedly fell last week, according to the Labour Department.
Jobless claims down
Working in America   Jobless claims declined by 1,000
U.S. initial jobless claims declined by 1,000 from the previous week's unrevised level to 261,000, beating expectations for a jump to 265,000.

This marked the 77th consecutive week claims were below 300,000 - the longest streak since 1973.

The four-week moving average of news claims was 264,000, down 1,250 from the previous week's unrevised average.

The four-week average is considered more reliable as it smooths out sharp fluctuations in the more volatile weekly figures, giving a more accurate picture of the health of the labour market.