US jobless claims fall below expectations

Claims for unemployment benefits in the US came in below expectations at 192,000 in the week ending March 11, indicating that the labor market remained strong despite the negative impact of the turbulence in the markets. stock markets in the economy.

According to seasonally adjusted data released by the US Department of Labor, the number of claims previously announced as 211,000 for the week of March 4 has been revised to 212,000.

Economists polled by Reuters had forecast jobless claims to be at 205,000 for the week ending March 11.

DECREASED TO LEVEL 1,684 MILLION

The four-week average of US jobless claims, which is seen as a better indicator of US labor market trends, fell to 196,500.

The total number of people receiving unemployment benefits in the US dropped to 1.684 million in the week of March 4. (Reuters)