UNITED STATES — A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits fell by much more than anticipated in the week ended December 8th, reported RTT News.
The report said initial jobless claims dropped to 206,000, a decrease of 27,000 from the previous week’s revised level of 233,000.
Economists had expected jobless claims to slip to 225,000 from the 231,000 originally reported for the previous week.
Jobless claims pulled back further off the nearly eight-month high reached two weeks ago to hit their lowest level in almost three months.
Read the full article at RTT News.