US Initial Jobless Claims at 222,000 Last Week
[Asia Economy New York=Correspondent Kim Bong-su] The U.S. Department of Labor announced on the 2nd (local time) that the number of new unemployment insurance claims last week was recorded at 222,000.
This is a decrease of 2,000 from the previous week and the lowest level in the past month. It matched Wall Street experts' expectations. A decrease in unemployment insurance claims means that employment conditions have improved accordingly.
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The recent 4-week average of unemployment insurance claims increased by 4,750 to 233,250. Meanwhile, the U.S. Department of Labor revised upward the number of new unemployment insurance claims from two weeks ago, from 222,000 to 224,000.
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