US jobless claims fall more than expected

The number of first-time U.S. filers fell to 242,000 in the week ending May 13, below expectations.

The US Department of Labor has released data on weekly jobless claims.

In this way, the number of people claiming unemployment benefits for the first time in the country decreased to 242,000 in the week ending May 13, with a decrease of 22,000 compared to the previous week.

Jobless claims, which were below market expectations, were expected to materialize at the 254K level in this period.

The data for the previous week for unemployment benefits was 264 thousand.

As of last week, the 4-week average claims for unemployment benefits decreased by 1,000 to 244,250 compared to the prior week.

Ongoing jobless claims fell to 1,799,000 with a decrease of 8,000 people in the week ending May 6. (AA)