Economics
U.S. Jobless Claims Fell by More Than Expected Last Week
- Eased restrictions in California may support future hiring
- Despite drop, claims are more than four times pre-virus level
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Applications for U.S. state unemployment benefits fell last week, signaling that job cuts may be easing after rising in December and early January.
Initial jobless claims in regular state programs fell by 67,000 to 847,000 in the week ended Jan. 23, Labor Department data showed Thursday. On an unadjusted basis, initial jobless claims dropped to 873,966.