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Financial News: U.S. Weekly Jobless Claims Unexpectedly Show Modest Decrea

U.S. Weekly Jobless Claims Unexpectedly Show Modest Decrease

09/01/2022 - 08:36:00 (RTTNews)

(RTTNews) - With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday unexpectedly showing a modest decrease in first-time claims for U.S. unemployment benefits in the week ended August 27th.

The report showed initial jobless claims edged down to 232,000, a decrease of 5,000 from the previous week's revised level of 237,000.

The dip came as a surprise to economists, who had expected jobless claims to inch up to 248,000 from the 243,000 originally reported for the previous week.

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