The Labor Department said Thursday that first - time
jobless claims dropped by 15,000 to 358,000 last week, although week - to - week changes can be volatile.
Weekly
jobless claims dropped 42,000 to 338,000, according to today's report, a dip that beat economist predictions and also marked the biggest weekly drop in more than a year.
Not exact matches
After last week's sharp
drop in initial
jobless claims to 209k, the lowest since 1969, they stayed pretty low this past week.
Delving into details, continuing
claims for the week ended 21 April
dropped to 1.76 million from 1.83 million, and the insured
jobless rate
dropped one tenth, to 1.2 percent.
The continuing
drop in
jobless claims — considered a signal of future economic trends — shows that the problem with today's job market isn't layoffs but rather the modest and unsteady hiring at companies.
He cited improvements in consumer spending and a
drop in
jobless benefit
claims as signs of recovery.