Jobless Claims Down 8,000 To 470,000 in Jan. 23 Week

Initial jobless claims decreased 8,000 to a seasonally adjusted 470,000 for the week ending Jan. 23 from a downwardly revised 478,000 in the previous week, the Labor Department reported yesterday.

Continuing claims fell by 57,000 to a seasonally adjusted 4.602 million for the week ending Jan. 16.

Continuing claims for the week ending Jan. 9 were revised higher to 4.659 million from the 4.599 million initially reported.

Economists polled by Thomson Reuters expected 450,000 initial claims and 4.60 million continuing claims, according to the median estimate.

Initial claims for the week ending Jan. 16 were revised lower from 482,000.

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