Initial Jobless Claims Fall 22,000 to 434,000
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Initial claims for unemployment insurance payments during the week ended May 7th declined from the prior week, however came in higher than expected Thursday.
Data from the Labor Department had 434,000 Americans filing for first-time jobless benefits last week, down 44,000 from an upwardly revised reading of 478,000 jobless claims for the week ended April 30th.
Economists had been looking for just 430,000 Americans to file for initial benefits.
Continuing claims for the week ended April 30 came in at 3.756 million, higher than the 3.7 million economists had been looking for and up modestly from 3.751 million reported during the previous week.
US workers are expecting a continued decline in job firings as well as momentum in the jobs market to lead to increased consumer confidence moving forward, eventually leading to a boost to average incomes.
Data from the Labor Department had 434,000 Americans filing for first-time jobless benefits last week, down 44,000 from an upwardly revised reading of 478,000 jobless claims for the week ended April 30th.
Economists had been looking for just 430,000 Americans to file for initial benefits.
Continuing claims for the week ended April 30 came in at 3.756 million, higher than the 3.7 million economists had been looking for and up modestly from 3.751 million reported during the previous week.
US workers are expecting a continued decline in job firings as well as momentum in the jobs market to lead to increased consumer confidence moving forward, eventually leading to a boost to average incomes.
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