US Jobless Claims Fell Last Week

December 11, 2014 Share Print 0

The number of Americans filing new claims for unemployment benefits fell last week, pointing to a strengthening labor market.

Initial claims for state unemployment benefits slipped by 3,000 to a seasonally adjusted 294,000 for the week ended Dec. 6, the Labor Department said on Thursday. The prior week’s data was unrevised.

Economists polled by Reuters had forecast claims falling to 295,000 last week.

The four-week moving average of claims, considered a better measure of labor market trends as it irons out week-to-week volatility, ticked up by 250 to 299,250, holding below the 300,000 mark for the 13th straight month

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.