U.S. Weekly Jobless Claims Unexpectedly Edge Lower
(RTTNews) - A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended December 10th.
The Labor Department said initial jobless claims dipped to 211,000, a decrease of 20,000 from the previous week's revised level of 231,000
Economists had expected jobless claims to come in unchanged compared to the 230,000 originally reported for the previous week.
The report showed the less volatile four-week moving average also edged down to 227,250, a decrease of 3,000 from the previous week's revised average of 230,250.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.