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U.S. initial jobless claims fall to a month low

English.news.cn   2014-01-10 05:28:10            

WASHINGTON, Jan. 9 (Xinhua) -- The number of Americans initially applying for unemployment aid fell to a month low last week, reflecting a recovery of the U.S. economy.

In the week ending Jan. 4, the advance figure of seasonally adjusted initial claims for jobless benefits fell by 15,000 to 330, 000, U.S. Labor Department said Thursday, better than economists' expectation of a decrease to 335,000.

Meanwhile, the four-week moving average, which helps smooth out week-to-week volatility, decreased by 9,750 to 349,000 last week. The advance figure of seasonally adjusted insured unemployment during the week ending Dec. 28 stood at 2.865 million, up 50,000 from the previous week.

The recovery of the U.S. economy is expected to continue with labor market improvement, according to mniutes of U.S. Federal Reserve's latest meeting released on Wednesday.

U.S. private companies added 238,000 jobs in December, the largest monthly gain since November 2012, said the National Employment Report released jointly by payroll processor Automatic Data Processing and Moody's Analytics on Wednesday.

Editor: An
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