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U.S. Weekly Jobless Claims Fall To 307,000

By Kitco News
Thursday January 22, 2015 8:30 AM

(Kitco News) - Following last week’s much higher-than-expected rise, weekly jobless claims in the U.S. fell by 10,000 claims, from the previous week’s revised level, to a seasonally adjusted 307,000 claims during the week to Saturday, the Labor Department said Thursday.

The figure was above economists’ expectations, which according to consensus forecasts was for a reading of about 301,000 claims. Last week’s claims were revised up by 1,000 claims to 317,000 claims.

The four-week moving average for new claims, arguably a more accurate reflection of the labor market, was up by 6,500 claims to 306,500 claims.

Continuing jobless claims, which are reported with a one-week delay and shows the number of people already receiving benefits, rose by 15,000 claims from the previous week’s revised level to a seasonally adjusted 2.4 million during the week ending January 10. The previous week's level was revised up 4,000 from 2,424,000 to 2,428,000.

By Sarah Benali of Kitco News sbenali@kitco.com
Follow me on Twitter @SdBenali



Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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