The number of Americans filing for initial unemployment insurance fell last week, the government said Thursday.
There were 457,000 initial jobless claims filed in the week ended July 24, down 11,000 from a upwardly revised 468,000 the previous week. The number of claims was lower than the 464,000 claims expected in a consensus estimate of economists.
„It’s always good to see a decrease, especially after last week’s big jump, but there are a lot of factors muddying up this data,“ said Robert Dye, senior economist at PNC Financial Services. „Jobless claims have been trending sideways for most of this year, down some weeks and up others, and I expect that to continue through the rest of the summer.“