Economy Local USA

Weekly Jobless Claims in U.S. Decline

WASHINGTON (Reuters) – The weekly jobless claims declined in the United States during the week to August 6 at 395,000 against 402,000 (revised) the previous week, said the Labor Department on Thursday.

Economists on average had expected 400,000 jobless.

Registration of the week to July 30 was revised to 402,000 from an initial estimate of 400,000. The moving average of four weeks stood at 405,000 against 408,250 (revised from 407,750) the previous week.

The number of people receiving regular benefits rose to 3.688 million during the week to July 30 (last week for which figures are available) against 3,748,000 the previous week.

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