gold economy preciousmetals joblessclaims U.S. weekly jobless claims decline to 243,000, gold price edges down
The initial weekly jobless claims dropped by 2,000 to 243,000 in the week to Saturday, surprising the markets with a contraction.
The four-week moving average for new claims – often viewed as a more reliable measure of the labor market since it flattens week-to-week volatility – increased to 247,000. Last week’s four-week moving average was revised down to 245,500, the U.S. Labor Department said on Thursday. The four-week moving average rose to 1,424,750, an increase of 12,500. And the previous week’s four-week moving average was revised down by 750 to 1,412,250.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: