By CountingPips.com
U.S. weekly jobless claims decreased by more than expected in the week that ended on January 29th, according to a release by the U.S. Labor Department today. New jobless claims fell by 42,000 workers to a total of 415,000 unemployed workers and surpassed market forecasts that were expecting jobless claims to fall to 420,000 workers following the previous week’s 457,000 revised number of claims.
The 4-week moving average of newly unemployed workers rose by 1,000 workers from the previous week to a total of 430,500 workers.
Meanwhile, workers seeking continuing claims for unemployment benefits for the week ending January 22nd also fell for the week. Continuing claims decreased by 84,000 workers to a total of 3,925,000 unemployed workers. The four week moving average of continuing claims dropped by 50,500 workers to a total of 3,929,500.
