Number of initial jobless claims in the U.S. is lower than expected

The Bureau of Labor Statistics announced that initial jobless claims fell by 2,000 to 243,000 last week, below analysts’ estimates of 255,000.

The number of initial jobless claims is above 215,000, the weekly average in the pre-COVID-19 pandemic period in the U.S.

In addition, the U.S. Bureau of Labor Statistics reported that the number of Americans continuing to file for unemployment benefits fell by 19,000 to 1.415 million.

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