Unemployment Claims Unexpectedly Fall For Second Straight Week
The number of people filing for initial unemployment claims fell for the second week in a row, according to a U.S. Labor Department report.
Last week, people claiming unemployment benefits for the first time dropped by 6,000 to 472,000. The move downward was unexpected, as economists surveyed by Thomson Reuters expected a slight jump in the number of initial filings.
It’s still not at the sub-400,000 level economists want to see, which would signal a much healthier economy.
The number of people filing continued insurance claims also dropped, falling to 4.46
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