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Weekly Jobless Claims Fall 27K; Below Expectations

September 9, 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 9/4 fell by 27,000 to 451K. The week’s total was below the Reuters consensus for a reading of 471K.

Last week’s total was revised higher to 478K from 472K.

Continuing Claims for unemployment for the week ending August 28 were a smidge above consensus at 4.478M vs. expectations for 4.448M. For comparison purposes, last week’s revised total was 4.448M (from 4.456M).

 

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