U.S. Weekly Jobless Claims Fall More Than Expected

SmartForexNews

MT5- In a positive sign for the sluggish labor market, the Labor Department released a report Thursday morning showing a much bigger than expected drop in initial jobless claims in the week ended September 22nd.

The report showed that jobless claims fell to 359,000 from the previous week's revised figure of 385,000. Economists had expected jobless claims to drop to 376,000 from the 382,000 originally reported for the previous week.

With the bigger than expected drop, jobless claims fell to their lowest level since coming in at 357,000 in the week ended July 21st.

Published: 2012-09-27 12:46:00 UTC+00 10 hours, 36 min. ago