Filings for U.S. unemployment benefits fell close to the lowest level since the 1970s, consistent with a still-improving labor market.
Jobless claims declined to 234,000 in the week ended Jan. 14 from a revised 249,000 in the prior period, a Labor Department report showed Thursday in Washington. The median projection of 44 economists surveyed by Bloomberg called for 252,000. Continuing claims dropped to 2.046 million in the week ended Jan. 7 from 2.093 million the previous week, the report showed.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.