Economy Local USA

Unexpected decline in jobless claims in the U.S.

WASHINGTON (Reuters) – The weekly jobless claims fell against all odds during the week to November 12 in the United States at 388,000 against 393,000 (revised) the previous week, said the Department of Labor on Thursday.

This is their lowest since the week to April 2.

Economists on average had expected 395,000 jobless.

Entries for the week to November 5 were revised up from an initial estimate of 390,000.

The moving average of four weeks amounted to 396,750 at most since the week to April 9, against 400,750 (revised) the previous week.

The number of people receiving regular benefits rose to 3.608 million during the week to November 5 (last week for which figures are available) against 3.665 the previous week.

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