The number of initial jobless claims in the United States last week fell more than expected to 207,000
The report released by the U.S. Department of Labor on Thursday showed that for the week ending January 25, the number of initial jobless claims in the United States fell more than market expectations. The data indicated that initial jobless claims dropped to 207,000, a decrease of 16,000 from the previous week's unadjusted figure of 223,000. Previously, economists generally expected this data to decline to 220,000. Additionally, the report noted that the four-week moving average, which measures the volatility of jobless claims, also slightly decreased, falling to 212,500, down 1,000 from the previous week's unadjusted figure of 213,500. This data corroborates the remarks made by Federal Reserve Chairman Jerome Powell yesterday, who stated on Wednesday that the U.S. economy remains generally strong. The labor market conditions have cooled but remain robust
According to the Zhitong Finance APP, the report released by the U.S. Department of Labor on Thursday showed that for the week ending January 25, the number of initial jobless claims in the U.S. fell more than market expectations.
The data indicated that initial jobless claims dropped to 207,000, a decrease of 16,000 from the previous week's unadjusted figure of 223,000. Previously, economists generally expected this figure to decline to 220,000.
In addition, the report also noted that the four-week moving average, which measures the volatility of jobless claims, also slightly decreased, falling to 212,500, down 1,000 from the previous week's unadjusted figure of 213,500.
This data corroborates the remarks made by Federal Reserve Chairman Jerome Powell yesterday. On Wednesday, Chairman Powell stated that the U.S. economy remains generally strong. The labor market conditions have cooled but remain robust