Weekly Jobless Claims Fall To 432,000

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Thursday morning, the Labor Department released its report on first-time claims for unemployment benefits in the week ended December 26th, showing that initial jobless claims unexpectedly fell for the week, once again falling to their lowest level in well over a year.

The report showed that jobless claims fell to 432,000 from the previous week's revised figure of 454,000. The decrease came as a surprise to economists, who had expected jobless claims to edge up to 460,000 from the 452,000 originally reported for the previous week.

Thursday morning, the Labor Department released its report on first-time claims for unemployment benefits in the week ended December 26th, showing that initial jobless claims unexpectedly fell for the week, once again falling to their lowest level in well over a year. (Market News Provided by RTTNews)