Initial jobless claims unexpectedly drop

pulse

May 18, 2017 1:27 PM

The latest read on initial jobless claims.

Initial jobless claims unexpectedly dropped

Claims,

Economists forecast claims

Initial jobless claims are used as a real-time proxy for the pace of layoffs since people usually file for benefits soon after they lose their jobs.

The four-week moving average came in at 240,750, a drop of 2,750 from the previous week's unrevised average of 243,500.

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