logo
Plus   Neg
Share
Email

U.S. Weekly Jobless Claims Edge Down To 211,000

First-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended May 18th, according to a report released by the Labor Department on Thursday.

The report said initial jobless claims dipped to 211,000, a decrease of 1,000 from the previous week's unrevised level of 212,000.

The modest decrease came as a surprise to economists, who had expected initial jobless claims to inch up to 215,000.

The Labor Department said the less volatile four-week moving average also fell to 220,250, a decrease of 4,750 from the previous week's unrevised average of 225,000.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT
>