Filings for new jobless claims fall in US
Print Edition
The number of Americans filing new claims for unemployment benefits last week fell slightly more than expected, pointing to an economy that was continuing to gain steam.
Initial claims for state jobless benefits shed 15,000 to a seasonally adjusted 330,000, the Labor Department said yesterday.
However, claims for the prior week were revised to show 6,000 more applications received than previously reported.
Economists polled by Reuters had expected first-time applications to fall to 335,000 last week.
The four-week moving average for new claims fell 9,750 to 349,000.
A Labor Department analyst said no states had been estimated, but noted that adjusting the data for seasonal fluctuations remained a challenge.
While claims have been extremely volatile around the holiday season, they are still largely consistent with other labor market indicators that have painted an upbeat picture of the jobs market and the overall economy.
Last week’s data has no bearing on the government’s closely watched employment report for December.
The Labor Department is expected to report today that non-farm payrolls increased 196,000 last month after gaining 203,000 in November, according to a Reuters poll of economists.
The unemployment rate is forecast to be steady at a five-year low of 7.0 percent.
The claims report showed the number of people still receiving benefits under regular state programs after an initial week of aid rose 50,000 to 2.87 million in the week ended December 28.
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