U.S. Weekly Jobless Claims Drop More Than Expected

First-time claims for U.S. unemployment benefits fell by more than expected in the week ended July 7th, according to a report released by the Labor Department on Thursday.

The report said initial jobless claims dropped to 214,000, a decrease of 18,000 from the previous week’s revised level of 232,000.

Economists had expected jobless claims to edge down to 225,000 from the 231,000 originally reported for the previous week.

The material has been provided by InstaForex Company – www.instaforex.com

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