Weekly jobless claims fell more than expected,
while private sector employment rose and the number of planned layoffs
at U.S. firms fell to its lowest level in over a year in June, separate
reports showed Thursday.
The
number of Americans filing new claims for unemployment benefits last
week fell by the most in two months, government data showed on Thursday,
a hopeful sign for the struggling labor market.
Initial
claims for state unemployment benefits dropped 14,000 to a seasonally
adjusted 374,000, the Labor Department said. The prior week's figure was
revised up to 388,000 from the previously reported 386,000.
Economists
polled by Reuters had forecast claims falling to 385,000 last week. The
four-week moving average for new claims, a better measure of labor
market trends, fell 1,500 to 385,750.
The
initial claims data has no bearing on Friday's employment report, which
is expected to show employers added 90,000 to their payrolls in June,
according to a Reuters survey, after increasing them by 69,000 in May.
Read more: http://www.cnbc.com/id/48078749
No comments:
Post a Comment