Fall in new US jobless claims

The number of US workers filing new applications for unemployment insurance fell as expected last week, government data has shown…

The number of US workers filing new applications for unemployment insurance fell as expected last week, government data has shown, but the number of people still receiving benefits unexpectedly rose to its highest level in nearly two months.

Initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 453,000 in the week ended May 29th, the labour department said.

The four-week moving average of new claims, considered a better measure of underlying labour market trends, rose 1,750 to 459,000. – (Reuters)

  • Join The Irish Times on WhatsApp and stay up to date

  • Sign up to the Business Today newsletter for the latest new and commentary in your inbox

  • Listen to Inside Business podcast for a look at business and economics from an Irish perspective