Despite some very weak independent jobs reports seen so far this week, the U.S. Department of Labor reported that the number of weekly jobless claims fell by 26,000 to 323,000 in the latest week. Bloomberg was calling for a figure of 338,000, and Dow Jones was calling for 335,000.
Source: Thinkstock
Last week’s report was revised to 349,000 from the 348,000 figure reported initially. The four-week average also was pulled lower by 2,000 to 336,500. Thursday’s Labor Department report said that there were no special factors influencing the report.
The number of continuing claims, which are reported with a one-week lag, fell by 8,000, down to 2.907 million.
There was another reading issued for the fourth-quarter of 2013 — nonfarm productivity and unit labor costs. The report said productivity was up by 1.8% (versus a 2.4% Bloomberg consensus estimate) and unit labor costs were down by 0.1% (versus a -0.5% Bloomberg consensus).
Thursday’s jobless claims report will be the last of the major reports prior to Friday’s unemployment and payrolls report.
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
