Jobless Claims Hold Steady
Claims for unemployment benefits by the newly-laid off held steady last week at 351,000, the Labor Department announced.
That’s still a four-year low.
This caused the four-week moving average, which smooths out fluctuations, to drop 7,000 to 359,000.
“It’s broadly in line with recent U.S. data showing a gradually improving economic backdrop,” Omer Esiner, a market analyst, told Reuters.
For the week ended Feb. 4, the most recent week data were available, 7.5 million people were collecting some form of unemployment assistance, a decrease of 178,000 from the prior week and more than 1.5
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