Adding to the positive picture of the labor market painted by last week's monthly jobs report, the Labor Department released a report on Thursday showing a bigger than expected drop in first-time claims for U.S. unemployment benefits in the week ended January 5th.
The report said initial jobless claims fell to 216,000, a decrease of 17,000 from the previous week's revised level of 233,000. Economists had expected jobless claims to dip to 225,000 from the 231.000 originally reported for the previous week.
The material has been provided by InstaForex Company -
www.instaforex.com