U.S. jobless claims fall below expectations
The US Department of Labor has released data on weekly jobless claims.
Accordingly, the number of people claiming unemployment benefits for the first time in the country increased by 4 thousand people in the week ending May 20 compared to the previous week and rose to 229 thousand. market expectations under Unemployment benefit applications were expected to be at the level of 250 thousand in this period.
The previous week’s data on unemployment benefits applications was revised from 242 thousand to 225 thousand.
As of last week, 4-week average unemployment benefits applications did not change compared to the previous week and became 231 thousand 750.
Ongoing unemployment claims fell to 1 million 794 thousand with a decrease of 5 thousand people in the week ending May 13.