Jobless Claims Fall to 343K After November Jobs Report
(WASHINGTON) -- Jobless claims fell during the first week of December following a better-than-expected monthly jobs report, the Labor Department reported on Thursday.
For the week ending Dec. 8, the number of people filing for benefits dropped by 29,000 to 343,000. The previous week, claims stood at 372,000.
The four-week average also went down, decreasing by 27,000 to 381,500.
The latest figures come after the Labor Department reported last Friday that U.S. employers added 146,000 jobs to their payrolls in November, exceeding what economists has anticipated. The unemployment rate also beat expectations, falling from 7.9 percent to 7.7 percent -- the lowest level in four years.
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