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Initial Unemployment Claims in U.S. Fell to a Three-Year Low in Past Month

From bloomberg.com

Fewer Americans filed applications for unemployment benefits over the past month than at any time in the past three years, a sign the U.S. labor market is on the mend heading into the new year. The four-week moving average for claims, a less volatile measure than the weekly figures, dropped to 375,000 last week, the lowest level since June 2008, Labor Department figures showed today in Washington. Applications (INJCJC) rose for the first time in a month in the week ended Dec. 24, climbing by a more-than- forecast 15,000 to 381,000. The jump in claims last week may say more about their volatility during this time of ... (full story)

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  • Category: High Impact Breaking News