Thursday July 9, 2020

US jobless claims sink to eight-year low

The number of Americans applying for unemployment benefits fell unexpectedly last week, bringing the average over the last month to the lowest level in eight years.

10th October, 2014
About 2.38 million Americans are still receiving unemployment benefits

The number of Americans applying for unemployment benefits fell unexpectedly last week, bringing the average over the last month to the lowest level in eight years.

Jobless claims dropped by 1,000 to 287,000 in the week that ended October 4th, a Labour Department report showed today in Washington.

The four-week average — a measure considered less volatile — decreased to 287,750, the lowest since early 2006.

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