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Financial News: U.S. Weekly Jobless Claims Edge Down To 216,000

U.S. Weekly Jobless Claims Edge Down To 216,000

03/05/2020 - 08:35:00 (RTTNews)

(RTTNews) - With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing a modest decrease in first-time claims for U.S. unemployment benefits in the week ended February 29th.

The report said initial jobless claims edged down to 216,000, a decrease of 3,000 from the previous week's unrevised level of 219,000. Economists had expected jobless claims to slip to 215,000.

Meanwhile, Labor Department said the less volatile four-week moving average crept up to 213,000, an increase of 3,250 from the previous week's unrevised average of 209,750.

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