Weekly jobless claims in U.S. total 269,000
This is suggesting the labor market remained on solid footing despite slowing economic growth.
Initial claims for state unemployment benefits declined 16,000 to a seasonally adjusted 269,000 for the week ended February 6, the Labor Department said on Thursday. The prior week's claims were unrevised.
The drop last week pushed down claims to near their post-recession lows around 256,000, pointing to very low layoffs despite an uncertain economic outlook and equities turmoil.
A Labor Department analyst said there were no special factors influencing last week's claims data and no states had been estimated. ■