US WEEKLY JOBLESS CLAIMS DROP UNEXPECTEDLY
Aruba, January 20, 2020 – The number of Americans filing claims for unemployment benefits unexpectedly dropped for a fifth straight week last week.
- The data indicated the labor market remained strong despite a recent slowdown in job growth.
- Initial claims for state unemployment benefits dropped to 204,000 for the week ended Jan. 11, the Labor Department said.
The number of Americans filing claims for unemployment benefits dropped for a fifth straight week last week, indicating the labor market remained strong despite a recent slowdown in job growth.
Initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 204,000 for the week ended Jan. 11, the Labor Department said on Thursday.
The U.S. dollar pared losses against a basket of currencies and U.S. stock index futures held gains after the release of the data. Prices of U.S. Treasuries were trading lower.
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