Arab Today, arab today us jobless claims hold steady
Last Updated : GMT 05:12:05
Arab Today, arab today
Arab Today, arab today

US jobless claims hold steady

Arab Today, arab today

Arab Today, arab today US jobless claims hold steady

Washington - AFP

New claims for US unemployment benefits held steady last week, the government said Thursday in a report showing the ailing labor market is slowly improving. Initial jobless claims totaled 351,000 in the week ending February 18, unchanged from the prior week\'s figure, which was revised from the original estimate of 348,000, the Labor Department said. In a fresh sign of improvement, the four-week moving average of initial jobless claims, which helps smooth out volatility in the weekly numbers, fell by 7,000 to 359,000. Claims have been trending downward since the middle of last year and are now at levels last seen in March 2008. In January, the unemployment rate fell for the fifth straight month, to 8.3 percent, the lowest level since February 2009, as businesses cranked up hiring.  

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