U.S. Weekly Jobless Claims Unexpectedly Dip To Two-Month Low

The Labor Department released a study connected Thursday showing an unexpected alteration by first-time claims for U.S. unemployment benefits successful the week ended April 20th.

The study said archetypal jobless claims fell to 207,000, a alteration of 5,000 from the erstwhile week's unrevised level of 212,000. The dip amazed economists, who had expected jobless claims to inch up to 214,000.

With the unexpected decline, jobless claims dropped to their lowest level since hitting 200,000 successful the week ended February 17th.

The Labor Department said the little volatile four-week moving mean besides edged down to 213,250, a alteration of 1,250 from the erstwhile week's unrevised mean of 214,500.

Continuing claims, a speechmaking connected the fig of radical receiving ongoing unemployment assistance, besides slid by 15,000 to 1.781 cardinal successful the week ended April 13th.

The four-week moving mean of continuing claims besides fell to 1,794,000, a alteration of 7,250 from the erstwhile week's revised mean of 1,801,250.

Next Friday, the Labor Department is scheduled to merchandise its much intimately watched study connected employment successful the period of April.

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