Economy

Weekly jobless claims

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The number of Americans filing applications for unemployment benefits fell more than expected last week, consistent with strong labor market conditions and continued job growth.

Initial claims for state unemployment benefits decreased 8,000 to a seasonally adjusted 211,000 for the week ended Nov. 2, the Labor Department said on Thursday. Data for the prior week was revised to show 1,000 more applications received than previously reported.

Economists polled by Reuters had forecast claims would fall to 215,000 in the latest week. The Labor Department said claims for one state, Kentucky, were estimated last week.

The four-week moving average of initial claims, considered a better measure of…



Source cnbc.com

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