Top
Begin typing your search above and press return to search.
exit_to_app
reservation and equality
access_time 2021-05-08T13:33:17+05:30
Who can save Congress from redundancy?
access_time 2021-05-10T13:19:13+05:30
Departure of a revolutionary
access_time 2021-05-12T11:01:26+05:30
Our front-line battle will continue, tirelessly
access_time 2021-05-11T10:59:10+05:30
jail
access_time 2021-05-10T16:23:32+05:30
DEEP READ
Who can save Congress from redundancy?
access_time 2021-05-10T13:19:13+05:30
Iran and the revival of JCPOA
access_time 2021-04-23T13:21:09+05:30
A model mosque in Gujarat
access_time 2021-04-12T17:13:34+05:30
Towards a digital emergency?
access_time 2021-02-27T14:50:41+05:30
The slaughter of democracy in Puducherry
access_time 2021-02-24T11:27:21+05:30
Populist Fascism
access_time 2021-01-31T17:19:29+05:30
exit_to_app
Homechevron_rightBusinesschevron_rightUS jobless claims fall ...

US jobless claims fall to lowest level since 1973

text_fields
bookmark_border
US jobless claims fall to lowest level since 1973
cancel

Washington: New claims for unemployment benefits in the US fell by 26,000 last week to 255,000, the lowest level since 1973, the Labor Department said on Thursday.

The figure surprised economists, who had forecast a total of 282,000 claims for the week that ended on July 18.

The rolling four-week average of initial jobless claims, seen as a more reliable measure of labour market trends, fell by 4,000 last week to 278,500.

That average has remained around or below 300,000 since last September, reflecting a recovery in the labour market and growing business confidence. Continuing jobless claims decreased by 9,000 to 2.2 million in the week ending on July 11.

The official unemployment rate dropped two-tenths of a point in June to 5.3 percent, the lowest level in seven years, as the economy added 223,000 new jobs.

Show Full Article
TAGS:
Next Story