Initial Jobless Claims Fall to 415K vs. Estimate of 420K
Tweet
Share
E-mail
The number of Americans filing for first time unemployment benefits dropped last week, led by southern states that were affected by storms in previous weeks.
The Labor Department reported that applications for jobless benefits dropped by 42,000 to 415,000 for the week ended January 29. The drop was stronger than the drop to 420,000 estimated by economists.
Continuing claims, which include people filing for the second week of benefits or more, dropped to 3,925,000 in the week ended January 22, marking a drop of 84,000 from the prior week.
The four-week moving average rose by 1,000 to 430,500, which is still below the high levels seen in 2010.
The report comes the day before the government releases the latest nonfarm payroll statistics, which is expected to show the economy added 149,000 jobs last month.
The Labor Department reported that applications for jobless benefits dropped by 42,000 to 415,000 for the week ended January 29. The drop was stronger than the drop to 420,000 estimated by economists.
Continuing claims, which include people filing for the second week of benefits or more, dropped to 3,925,000 in the week ended January 22, marking a drop of 84,000 from the prior week.
The four-week moving average rose by 1,000 to 430,500, which is still below the high levels seen in 2010.
The report comes the day before the government releases the latest nonfarm payroll statistics, which is expected to show the economy added 149,000 jobs last month.
Are you missing key trading opportunities? Upgrade to StreetInsider Premium and get a step ahead of the market - FREE TRIAL!
Create E-mail Alert Related Categories
Economic DataRelated Entities
Initial Jobless Claims, LayoffsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
