Initial jobless claims hold steady at 200,000 |
| The Labor Department reported on Thursday that new jobless claims in the seven days to January 17th rose 1,000 to 200,000, well below the 208,000 expected among economists polled by the Wall Street Journal. The four-week moving average of new applications fell to a two-year low of 201,500, while continuing claims, reported with a one-week lag, declined to 1.85m, from 1.88m. “With U.S. companies adding fewer seasonal workers, post-holiday layoffs have been limited, keeping initial jobless claims low. Layoff-related news remains relatively sparse, offering little indication that broader labor-market conditions have changed," commented economist Eliza Winger. |
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