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Weekly Jobless Claims Fall 6,000; Come in Below Expectations

September 2, 2010

by The TopStock Team

Headline Alert

Economic Update: Weekly Jobless Claims

The Labor Department reported that initial claims for unemployment insurance for the week ending August 28 fell by 6,000 to 472K. The week’s total was below the Reuters consensus for a reading of 474K.

Last week’s total was revised higher to 478K from 473K.

Continuing Claims for unemployment for the week ending August 21 were a smidge above consensus at 4.456M vs. expectations for 4.445M. For comparison purposes, last week’s revised total was 4.479M (from 4.456M).

 

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