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U.S. Weekly Jobless Claims Fall To 307,000
By Kitco NewsThursday 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
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