Advertisement

New unemployment claims in U.S. decline for first time in a month

New unemployment claims in U.S. decline for first time in a month
A vacant retail store location is seen in Grand Central Station in New York City. Thursday's Labor Department report cited the first weekly decline in new unemployment benefits in a month. File Photo by John Angelillo/UPI | License Photo

Oct. 7 (UPI) -- The number of U.S. workers filing new unemployment claims per week has fallen to under 330,000 -- the first decline in four weeks, the Labor Department said in its weekly report Thursday.

The department said there were 326,000 new filings last week, a decline of almost 40,000 from the previous week.

Advertisement

Most analysts had expected the report to show about 345,000 new claims.

Thursday's report marked the first week-to-week decline in a month, after filings ticked up a bit during September.

The assessment also noted that the four-week moving average for first-time claims increased by about 3,500 filings.

The department also noted that continuing claims declined by almost 100,000, to 2.71 million. Continuing claims lack initial claims by a week.

The report said the largest increases in filings last week were seen in California, Michigan and Texas. The fewest increases were seen in Virginia, Maryland and Arizona.

Latest Headlines

Advertisement
Advertisement

Follow Us

Advertisement