New Jobless Claims Fall Last Week

Jobless Claims
Jobless Claims

New U.S. claims for unemployment benefits fell more than expected last week, government data showed Thursday, but distortions associated with the holiday weekend and a government shutdown in one state made it difficult to get a clear view of the labor market.

Initial claims for state unemployment benefits dropped 14,000 to a seasonally adjusted 418,000, the Labor Department said.

Originally published