Business Standard

US weekly jobless claims fall; Q4 GDP growth revised slightly up

Initial claims for state unemployment benefits decreased 17,000 to a seasonally adjusted 232,000 for the week ended Feb.19, the Labor Department said on Thursday

US jobless claims near 6-month low; Fed may unwind massive bond portfolio
Premium

Reuters
The number of Americans filing new claims for unemployment benefits fell slightly more than expected last week, indicating that the labor market recovery was gaining traction.

Initial claims for state unemployment benefits decreased 17,000 to a seasonally adjusted 232,000 for the week ended Feb.19, the Labor Department said on Thursday. Economists polled by Reuters had forecast 235,000 applications for the latest week.

Claims had risen in the week ending Feb. 12, which economists blamed on week-to-week volatility in the data and the delayed impact of winter storms early in the month.

With a near record 10.9 million job openings at the end of

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 24 2022 | 7:18 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com