Global Economic News

U.S. Jobless Claims Drop More Than Expected To New Pandemic-Era Low

After last Friday's disappointing monthly jobs report, the Labor Department released a report on Thursday showing a bigger than expected decrease in first-time claims for U.S. unemployment benefits in the week ended September 4th.

The report said initial jobless claims fell to 310,000, a decrease of 35,000 from the previous week's revised level of 345,000. Economists had expected jobless claims to edge down to 335,000 from the 340,000 originally reported for the previous week.

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by RTTNews Staff Writer

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