Jobless claims fall 11,000 to ultra-low 225,000

• December 14, 2017
• realestatelife
• Announcements, Business & Markets, Real Estate, Real Estate Finance

Initial U.S. jobless claims, a tool to measure layoffs, fell by 11,000 to 225,000 in the seven days ended Dec 9. That’s just a few shades above the postrecession low.

Economists surveyed had forecast claims to total 235,000.

The more stable monthly average of claims slipped by 6,750 to 234,750, the government said Thursday
The number of people already collecting unemployment benefits, known as continuing claims, dropped by 27,000 to 1.89 million.