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10/25/2012 8:40:00 AM Write a Letter to the Editor Write a letter to the Editor

Initial Jobless Claims Fall for Week

Initial jobless claims decreased by 23,000 last week, the Labor Department said Thursday.

Claims decreased to 369,000 for the week ended Saturday from a revised 392,000, Labor said. The department initially reported the prior week’s jobless claims at 388,000.

The initial claims figure was lower than economists’ forecasts of 370,000, Bloomberg reported.

The four-week moving average, a less-volatile measure, rose to 368,000 last week from 366,500.

Continuing jobless claims for the previous week ended Oct. 13 dropped by 2,000 to 3.25 million.

By Transport Topics

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