US initial jobless claims decline by 6,000

US initial jobless claims decline by 6,000

Previous week's level revised down by 4,000

By Ovunc Kutlu

ANKARA (AA) - The number of Americans filing first-time unemployment claims last week declined by 6,000 to 222,000, according to the Labor Department figures released on Thursday.

The market expectation for the claims was 240,000, while the previous week's level was revised down by 4,000 from 232,000 to 228,000.

The four-week moving average was 233,000, a decrease of 7,500 from the previous week's revised average.

The US economy generated 315,000 jobs in August, well above the market estimate of 300,000; but the unemployment rate rose to 3.7% from 3.5% month-on-month.

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