US initial jobless claims fall 16,000

US initial jobless claims fall 16,000

230,000 claims filed last week, according to Labor Department data

By Ovunc Kutlu

ISTANBUL (AA) – The number of Americans filing first-time unemployment claims fell by 16,000 last week to 230,000, according to Labor Department data released on Thursday.

The figure came in lower than market estimates of 248,000, while the previous week's figure was revised up by 1,000 from 245,000 to 246,000.

The four-week moving average was 236,000, a decrease of 4,000 from the previous week's revised average.

The US economy added 236,000 jobs in March, while the unemployment rate fell to 3.5% from 3.6%.

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