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Financial News: U.S. Weekly Jobless Claims Edge Slightly Lower

U.S. Weekly Jobless Claims Edge Slightly Lower

01/12/2023 - 08:43:00 (RTTNews)

(RTTNews) - First-time claims for U.S. unemployment benefits edged slightly lower in the week ended January 7th, according to a report released by the Labor Department on Thursday.

The report said initial jobless claims slipped to 205,000, a decrease of 1,000 from the previous week's revised level of 206,000.

The dip surprised economists, who had expected jobless claims to rise to 215,000 from the 204,000 originally reported for the previous week.

With the modest decrease, initial jobless claims fell to their lowest level since hitting 190,000 in the week ended September 24th.

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