(RTTNews) - A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits pulled back by more than expected in the week ended January 25th.
The Labor Department said initial jobless claims fell to 207,000, a decrease of 16,000 from the previous week's unrevised level of 223,000. Economists had expected jobless claims to slip to 220,000.
The report also said the less volatile four-week moving average edged down to 212,500, a decrease of 1,000 from the previous week's unrevised average of 213,500.
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