FOREX TradingCharts.com

Financial News: U.S. Jobless Claims Unexpectedly Drop To Nearly 50-Year

U.S. Jobless Claims Unexpectedly Drop To Nearly 50-Year Low

01/24/2019 - 09:09:00 (RTTNews)

(RTTNews) - A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits unexpectedly fell to their lowest level in almost fifty years in the week ended January 19th.

The report said initial jobless claims slid to 199,000, a decrease of 13,000 from the previous week's revised level of 212,000.

The drop surprised economists, who had expected jobless claims to rise to 220,000 from the 213,000 originally reported for the previous week.

With the unexpected decrease, jobless claims fell to their lowest level since hitting 197,000 in November of 1969.

The Labor Department said the less volatile four-week moving average also dipped to 215,000, a decrease of 5,500 from the previous week's revised average of 220,500.

Continuing claims, a reading on the number of people receiving ongoing unemployment assistance, also dropped by 24,000 to 1.713 million in the week ended January 12th.

The four-week moving average of continuing claims still edged up to 1,729,750, an increase of 1,250 from the previous week's unrevised average of 1,728,500.

Next Friday, the Labor Department is scheduled to release its more closely watched monthly employment report for January.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Belgium Business Confidence Continues To Deteriorate (22 min(s), 56 sec(s) ago)
(RTTNews) - Belgium's business confidence weakened further in February, amid further deteriora ...Full Story»

German Business Confidence Weakens For Sixth Month (22 min(s), 04 sec(s) ago)
(RTTNews) - Germany's business confidence fell for a sixth straight month in February to its l ...Full Story»

Croatia Inflation Slows For Third Month (01 hr(s), 02 min(s), 04 sec(s) ago)
(RTTNews) - Croatia's consumer price inflation slowed for a third straight month in January to ...Full Story»

Hong Kong Inflation At 5-month Low (01 hr(s), 11 min(s), 04 sec(s) ago)
(RTTNews) - Hong Kong's consumer price inflation eased marginally in January to a five-month l ...Full Story»

Slovakia HICP Inflation At 3-month High (01 hr(s), 53 min(s), 04 sec(s) ago)
(RTTNews) - Slovakia's EU measure of inflation accelerated in January to its highest level in ...Full Story»

Austria Inflation Lowest Since Dec. 2016 (02 hr(s), 08 min(s), 04 sec(s) ago)
(RTTNews) - Austria consumer price inflation eased marginally in January to its lowest level in ov ...Full Story»

Malaysia Consumer Prices Fall In January (03 hr(s), 09 min(s), 04 sec(s) ago)
(RTTNews) - Malaysia's consumer prices fell in January, led by a sharp decline in transport co ...Full Story»

Eurozone Inflation Slows For Third Month; Flash Confirmed (03 hr(s), 27 min(s), 04 sec(s) ago)
(RTTNews) - Eurozone's inflation eased for a third straight month in January to its lowest lev ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Belgium Business Confidence Continues To Deteriorate

02/22/2019 - 09:30 AM (RTTNews)
(RTTNews) - Belgium's business confidence weakened further in February, amid further deteriora ...Full Story>>

German Business Confidence Weakens For Sixth Month

02/22/2019 - 08:45 AM (RTTNews)
(RTTNews) - Germany's business confidence fell for a sixth straight month in February to its l ...Full Story>>

Croatia Inflation Slows For Third Month

02/22/2019 - 08:05 AM (RTTNews)
(RTTNews) - Croatia's consumer price inflation slowed for a third straight month in January to ...Full Story>>

Hong Kong Inflation At 5-month Low

02/22/2019 - 07:56 AM (RTTNews)
(RTTNews) - Hong Kong's consumer price inflation eased marginally in January to a five-month l ...Full Story>>

Slovakia HICP Inflation At 3-month High

02/22/2019 - 07:14 AM (RTTNews)
(RTTNews) - Slovakia's EU measure of inflation accelerated in January to its highest level in ...Full Story>>
These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.