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Financial News: U.S. Weekly Jobless Claims Drop Less Than Expected

U.S. Weekly Jobless Claims Drop Less Than Expected

03/30/2017 - 08:37:00 (RTTNews)

(RTTNews) - While the Labor Department released a report on Thursday showing a modest drop in first-time claims for U.S. unemployment benefits in the week ended March 25th, claims still came in above economist estimates.

The report said initial jobless claims edged down to 258,000, a decrease of 3,000 from the previous week's revised level of 261,000.

Economists had expected jobless claims to drop to 247,000 from the 258,000 originally reported for the previous week.

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