• U.S. weekly jobless claims unexpectedly fall

Market news

16 January 2020

U.S. weekly jobless claims unexpectedly fall

The data from the Labor Department revealed on Thursday the number of applications for unemployment benefits unexpectedly decrease last week, pointing to ongoing labor market strength.

According to the report, the initial claims for unemployment benefits decreased by 10,000 to a seasonally adjusted 204,000 for the week ended January 11.

Economists had expected 216,000 new claims last week.

Claims for the prior week were remained unchanged at 214,000.

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