weekly initial jobless claims

Jobless Claims Fall Unexpectedly as Labor Market Improves

The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting a pick-up in the labor market recovery. Initial claims for state unemployment benefits fell 7,000 to a seasonally adjusted 340,000.

Rising Jobless Claims Point to a Still-Weak Labor Market

Initial jobless claims continue to trend in the wrong direction: They rose 13,000 to 472,000 last week, the Labor Department said, and are now up 3.5% since January. The more-telling four-week moving average also rose, by 3,250 to 466,500.