Weekly claims for unemployment benefits fell to 847,000 in the week of January 22, improving expectations of 875,000 and reaching the lowest figure since the week of January 1.
On the negative side, requests for the week of January 15 have been revised upwards, going to 914,000 from the 900,000 published.
Initial jobless claims in their four-week average now stand at 868,000, up from 851,750 previously (revised up from 848,000).
The Ongoing jobless claims for the week of January 15 fell to 4,771,000 from 4,974,000 (figure revised down from 5,054,000). The result significantly improves the 5,054,000 requests expected by the experts.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
