The number of Americans filing new claims for unemployment benefits fell more than expected last week, in a boost to the labor market outlook and the broader economy.
Initial claims for state unemployment benefits declined 20,000 to a seasonally adjusted 331,000, the Labor Department said on Thursday. Claims for the prior week were revised to show 3,000 more applications received than previously reported.
Economists polled by Reuters had forecast first-time applications for jobless benefits falling to 335,000 in the week ended February 1.
Chosen excerpts by Job Market Monitor. Read the whole story at Jobless claims fall, point to firming labor market | Reuters.
Related article: DOL press release
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