Economy

Title: Bigger-Than-Expected Decline in U.S. Unemployment Claims

Title: Bigger-Than-Expected Decline in U.S. Unemployment Claims

The number of Americans filing for new unemployment benefits last week fell more than expected, indicating that labor market conditions remain largely resilient. The U.S. Department of Labor reported on Thursday that "initial claims for unemployment benefits decreased by 18,000 to 202,000, adjusted for seasonal factors for the week ending December 30." Economists surveyed by Reuters had anticipated that claims would total 216,000 in the previous week.

Our readers are reading too