Friday, August 22, 2014

Jobless Claims Fell to 298,000, Expectations Were for Claims to Fall to 303,000 from last week's 311,000

Wowww Jobless claims fell to 298,000 for the week ended August 16. This is awesome, Expectations were for claims to fall to 303,000 from last week's 311,000.

Last week's claims number was also revised up to 312,000, according to the latest report from the Department of Labor. Continuing claims came in at 2,500,000, better than the 2,520,000 that was expected. 

The four week moving average of jobless claims rose from last week, to 300,750 from last week's revised number of 296,000. 

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