Economic Buzz: US Weekly Jobless Claims Dip To Seven-Month Low

Economic Buzz: US Weekly Jobless Claims Dip To Seven-Month Low

Dec 06, 2019 03:12 IST capital market

The Labor Department released a report on Thursday showing an unexpected decrease in first-time claims for U.S. unemployment benefits in the week ended November 30th. The report said initial jobless claims slipped to 203,000, a decrease of 10,000 from the previous weeks unrevised level of 213,000. With the unexpected decrease, jobless claims fell to their lowest level since hitting 193,000 in the week ended April 13th.

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