*U.S. Initial Jobless Claims Rise To 354,000 In Week Ended 6/15
U.S. Initial Jobless Claims Rise To 354,000 In Week Ended 6/15
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U.S. Initial Jobless Claims Rise To 354,000 In Week Ended 6/15
In an upbeat sign for the labor market, first-time claims for U.S. unemployment benefits fell by much more than anticipated in the week ended February 9th, according to a report released by the Labor Department on Thursday.
The report said initial jobless claims fell to 341,000, a decrease of 27,000 from the previous week's revised figure of 368,000. Economists had expected jobless claims to edge down to 360,000 from the 366,000 originally reported for the previous week.
With the data for the previous week downwardly revised, the Labor Department released a report on Thursday showing that first-time claims for U.S. unemployment benefits saw a modest increase in the week ended January 5th.
The report showed that initial jobless claims rose to 371,000, an increase of 4,000 from the previous week's revised figure of 367,000.
Economists had expected jobless claims to drop to 362,000 from the 372,000 originally reported for the previous week.