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Weekly jobless claims fall

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Weekly jobless claims fall

Results beat expectations.

The Labor Department today reported that seasonally-adjusted initial claims for unemployment insurance for the week ended February 6 were 269,000, a decrease of 16,000 from the previous week's unrevised figure.  

Analysts had expected claims to come in at 281,000.

The 4-week moving average, which smoothes out volatility to a certain extent, fell 3,500 to 281,250.

Claims overall have stayed below the 300,000 level for 49 consecutive weeks, both of which indicate a strong labor market in the US, despite what appears to be a significant slowdown in economic growth in the US and globally.

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