US jobless claims fell short of expectations last week
US jobless claims were below expectations: 209,000 in the week ending November 18.
Economists polled by Reuters predicted unemployment benefits would reach 226,000.
According to seasonally adjusted data announced by the US Department of Labor, the number of claims, which had previously been announced at 231,000 in the week ending November 11, was revised to 233,000.
DECREASED TO 220 THOUSAND
The four-week average of U.S. jobless claims, which is considered a better indicator of U.S. labor market trends, fell to 220,000 in the week ending Nov. 18.
The total number of people receiving unemployment benefits in the US decreased to 1.84 million in the week ending November 11. (REUTERS)
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
