U.S. Initial Jobless Claims Unexpectedly Edge Lower

First-time claims for U.S. unemployment benefits unexpectedly edged slightly lower from an upwardly revised level in the week ended December 28th, according to a report released by the Labor Department on Thursday.

The report said initial jobless claims slipped to 222,000, a decrease of 2,000 from the previous week’s revised level of 224,000.

Economists had expected jobless claims to inch up to 225,000 from the 222,000 originally reported for the previous week.

Meanwhile, the Labor Department said the less volatile four-week moving average crept up to 233,250, an increase of 4,750 from the previous week’s revised average of 228,500.

With the uptick, the four-week moving average reached its highest level since hitting 235,750 in the week ended January 27, 2018.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: U.S. Initial Jobless Claims Unexpectedly Edge Lower

Won't your trader friends like this?
InstaForex
About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Related Posts

Leave a Reply

*