30 Apr 2015
US initial jobless claims drop to lowest level in 15 years
FXStreet (Mumbai) - The labor department data released on Thursday showed the initial jobless claims dropped by 34K to 262K in the week ended April 25, the lowest since April 15, 2000. The actual figure was smaller than the consensus estimate of 290K.
The initial jobless claims in the prior week were revised to 296K from an initially reported 295K. The four-week average of claims, which provides a more accurate picture of the labor market strength, declined to 283,750 from 285,000 in the prior week.
Meanwhile, the continuing claims fell by 74K to 2.25 million in the week ended April 18, the lowest level since December 2000.
The initial jobless claims in the prior week were revised to 296K from an initially reported 295K. The four-week average of claims, which provides a more accurate picture of the labor market strength, declined to 283,750 from 285,000 in the prior week.
Meanwhile, the continuing claims fell by 74K to 2.25 million in the week ended April 18, the lowest level since December 2000.