(Reuters) - But the four-week moving average of claims, which irons
out weekly variations to give a clearer picture of underlying
trends in the labor market, fell for a fourth successive week.
This average dropped to 302,750 from a revised 306,250 in the
prior week, hitting the lowest level since late February last
year.
The total number of unemployed still on the benefit rolls
after drawing an initial week of aid climbed to 2.53 million in
the week ended May 12, the latest period for which the data
were available, from 2.47 million a week earlier. Economists
had forecast that continuing claims would be slightly lower at
2.50 million.
Read more at Reuters.com Bonds News
out weekly variations to give a clearer picture of underlying
trends in the labor market, fell for a fourth successive week.
This average dropped to 302,750 from a revised 306,250 in the
prior week, hitting the lowest level since late February last
year.
The total number of unemployed still on the benefit rolls
after drawing an initial week of aid climbed to 2.53 million in
the week ended May 12, the latest period for which the data
were available, from 2.47 million a week earlier. Economists
had forecast that continuing claims would be slightly lower at
2.50 million.
Read more at Reuters.com Bonds News
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