Home | News & Opinion | Weekly jobless claims fall

Weekly jobless claims fall

Font size: Decrease font Enlarge font
Weekly jobless claims fall

Results beat expectations; fewest claims since October.

The Labor Department today reported that seasonally-adjusted initial claims for unemployment insurance for the week ended March 5 were 259,000, a decrease of 18,000 from the previous week's revised figure.  

Analysts had expected claims to come in at 275,000.

The 4-week moving average, which smoothes out volatility to a certain extent, fell 2,500 to 267,500.

Claims overall have stayed below the 300,000 level for 53 consecutive weeks, which indicates a strong labor market in the US, despite what appears to be a significant slowdown in economic growth in the US and globally.

Join PRESIDENT&CEO on LinkedIn

Subscribe to comments feed Comments (0 posted)

total: | displaying:

Post your comment

  • Bold
  • Italic
  • Underline
  • Quote

Please enter the code you see in the image: