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14 May 2015
US intial jobless claims fall, 4-week average falls to 15-year low
FXStreet (Mumbai) - The US labor department data released on Thursday showed the first time applications for unemployment benefits unexpectedly fell last week, taking the average to the lowest in 15-years.
The initial jobless claims increased by 1K to 264K in the week ended May 9. The actual figure was smaller than the consensus estimate of 275K. The four-week average of claims, which provides a more accurate picture of the labor market strength, fell 7,750 last week to 271,750, the least since April 2000, from 2,79,500 in the prior week.
Meanwhile, the continuing claims dropped held at 2.23 in the week ended May 2., the fewest since November 2000.
The initial jobless claims increased by 1K to 264K in the week ended May 9. The actual figure was smaller than the consensus estimate of 275K. The four-week average of claims, which provides a more accurate picture of the labor market strength, fell 7,750 last week to 271,750, the least since April 2000, from 2,79,500 in the prior week.
Meanwhile, the continuing claims dropped held at 2.23 in the week ended May 2., the fewest since November 2000.