The four-week average of claims, a less-volatile measure than the weekly figure, dropped to 298,500 from 306,750 in the prior week.
The number of people continuing to receive jobless benefits declined by 71,000 to 2.39 million in the week ended Jan. 17. The unemployment rate among people eligible for benefits held at 1.8 percent during that period, today’s report showed. These data are reported with a one-week lag.
In related news, Bloomberg’s experts were wronger than usual. Bloomberg really needs to trade them in for new experts.