Jobless Claims in US – At seven-week low

Initial claims for U.S. unemployment-insurance benefits fell to the lowest tally in seven weeks, signaling a slower pace of layoffs, according to government data released Wednesday.

The number of people who applied for U.S. unemployment-insurance benefits fell by 9,000 to 280,000 in the week that ended Dec. 20, , the U.S. Labor Department reported. That is only modestly above the 14-year low of 266,000 hit in October.

Chosen excerpts by Job Market Monitor. Read the whole story at U.S. jobless claims fall to seven-week low – MarketWatch.