U.S. weekly jobless claims drop by 1k to 194,000, gold price falls gold economy joblessclaims
The initial weekly jobless decreased by 1,000 to 194,000 in the week to Saturday, surprising the markets with a slight drop.
The four-week moving average for new claims – often viewed as a more reliable measure of the labor market since it flattens week-to-week volatility – rose by 500 to 189,500. The previous week's four-week moving average was revised down by 250 to 189,000, the U.S. Labor Department said on Thursday. The four-week moving average rose to 1,673,000, an increase of 10,250. And the previous week's four-week moving average was revised down by 2,000 to 1,662,750.
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