Here come initial jobless claims ...
Apr 13, 2017, 17:46 IST
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Claims, which count the number of people who applied for unemployment insurance for the first time in the past week, fell by 25,000 last week to 234,000.
The four-week moving average was 250,000, a decrease of 4,500 from the previous week's revised number.
Initial jobless claims are used as a real-time proxy for the pace of layoffs and the overall health of the labor market since people usually file for benefits soon after they lose their jobs.