US Jobless Claims Decline Last Week
January 30 2020 - 9:00AM
Dow Jones News
By Eric Morath and Harriet Torry
WASHINGTON--The number of Americans applying for first-time
unemployment benefits decreased last week, the Labor Department
said Thursday. Here are the report's takeaways:
--Initial jobless claims fell by 7,000 in the week ended Jan. 25
to a seasonally adjusted 216,000. Economists surveyed by The Wall
Street Journal expected 215,000 new jobless claims.
--Claims for the week ended Jan. 18 were revised up to 223,000
from an initial estimate of 211,000.
--The Jan. 25 week included Martin Luther King Jr. Day, a
federal holiday, giving potential claimants one fewer day to file.
Claims data can be volatile during holiday weeks.
--Jobless claims are volatile week-to-week. The four-week moving
average, which smoothes those variations, fell to 214,500 last
week.
--Continuing claims, those filed by workers unemployed for
longer than a week, were down by 44,000 to 1.703 million in the
week ended Jan. 18. Continuing claims are reported with a one-week
lag.
The Labor Department report on jobless claims can be accessed
at: http://www.dol.gov/opa/media/press/eta/ui/current.htm.
(END) Dow Jones Newswires
January 30, 2020 08:45 ET (13:45 GMT)
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