The number of Americans filing for first-time unemployment benefits fell sharply last week.
First time jobless claims fell by 94,000 for the week ended Dec. 27, the Department of Labor reported today.
Initial filings for first-time unemployment benefits dipped to 492,000 last week from the 26-year high of 586,000 for the week ended Dec. 20.
The Labor department cited seasonal volatility in explaining the drop.
Economists surveyed by Chicago-based Briefing.com Inc. were expecting jobless claims to slip to 575,000.
The four-week moving average for unemployment insurance claims was 552,250, a decrease of 5,750 from the previous week.
No comments:
Post a Comment