U.S. weekly jobless claims drop to 186,000 gold economy
The initial weekly jobless decreased by 6,000 to 186,000 in the week to Saturday, surprising the markets with another 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 – declined by 9,250 to 197,500. The previous week’s four-week moving average was revised up to 206,750, the U.S. Labor Department said on Thursday. The four-week moving average dropped to 1,664,250, a decline of 10,750. And the previous week’s four-week moving average was revised up by 2,000 to 1,675,000.
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