REPORT: Jobless Claims Fall By More Than Expected
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Fewer Americans filed first time applications for unemployment benefits last week, as the labor market appears to be holding up at a stronger level than expected.
New applications for state unemployment benefits fell 9,000 to a seasonally adjusted 214,000, the Labor Department said Thursday. This was the fourth consecutive weekly decline, largely reversing the climb in claims in early December. The higher numbers in the first weeks of December led some to believe the labor market was cooling.
The article goes on to state the following:
Economists had expected claims to come in at 219,000.
— Club for Growth (@club4growth) January 9, 2020
— theFinancials.com (@theFinancials) January 9, 2020
U.S. weekly first-time unemployment claims drop to 214,000 in early January https://t.co/YpCoO4Y9XD
— MarketWatch (@MarketWatch) January 9, 2020
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