U.S. jobless claims fell by more than expected last week

By Olivia Rockeman
Published 1 Min Read

David Paul Morris/BloombergA server wearing a protective mask carries food at a restaurant in Sausalito, California.

Applications for U.S. state unemployment benefits fell last week, signaling that job cuts may be easing after rising in December and early January.

Initial jobless claims in regular state programs fell by 67,000 to 847,000 in the week ended Jan. 23, Labor Department data showed Thursday. On an unadjusted basis, initial jobless claims dropped to 873,966.

Olivia Rockeman
From Bloomberg News

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