U.S. jobless claims fell 4,000 last week

WASHINGTON, May 13 (BestGrowthStock) – The number of U.S. workers
filing new applications for unemployment insurance fell
slightly less than expected last week, government data showed
on Thursday, while the number of people still drawing benefits
unexpectedly rose.

Initial claims for state unemployment benefits slipped
4,000 to a seasonally adjusted 444,000 in the week ended May 8,
the Labor Department said.

Analysts polled by Reuters had expected claims to slide to
440,000 from the previously reported 444,000, which was revised
up to 448,000 in Thursday’s report.

The four-week moving average of new claims, considered a
better measure of underlying job market trends, dropped 9,000
to 450,500.

Investing Analysis
(Reporting by Lucia Mutikani; Editing by Chizu Nomiyama)

U.S. jobless claims fell 4,000 last week