Share

Policy: Labor

Jobless claims fall ahead of Friday jobs report

By |
Jobs,Labor,PennAve,Joseph Lawler,Economy,Unemployment

New claims for unemployment benefits fell to 330,000 for the week ending Jan. 4, the Department of Labor reported Thursday. That is a decrease from the previous week's revised reading of 345,000.

Thursday's number exceeded expectations and brought the four-week moving average of claims to 349,000.

Earlier in the week, another indicator of job growth — the ADP estimate of private-sector job growth — also beat estimates. According to ADP, businesses added 238,000 jobs in December.

The Labor Department's December jobs report is due Friday morning. Economists expect it to show the U.S. gaining 200,000 jobs, according to Econoday.

View article comments Leave a comment
Author:

Joseph Lawler

Economics Writer
The Washington Examiner