US initial jobless claims fall by 13,000
By Iain Gilbert
Date: Thursday 08 May 2025
(Sharecast News) - Americans lined up for unemployment benefits at a slower pace in the week ended 3 May, according to the Labor Department.
Initial jobless claims fell by 13,000 to 228,000, a sharp contrast when compared to the two-month high of 241,000 from the previous week, while continuing claims fell by 29,000 to 1.87m, easing from the over three-year high seen during April.
The four-week moving average, which aims to strip out week-to-week volatility, was 227,000, an increase of 1,000 from the previous week's unrevised average of 226,000.
Elsewhere, the advance seasonally adjusted insured unemployment rate was 1.2% for the week ending 26 April, a decrease of 0.1 percentage point from the previous week's unrevised rate.
Reporting by Iain Gilbert at Sharecast.com
Special promo:
Trading the Forex Market? Visit FXmania.com to get advanced infomation about currencies and the Foreign Exchange
Market.
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN