Initial claims for state unemployment benefits decreased 14,000 in the April 25 week to 631,000, in what a Labor Department analyst referred to as “a fairly uneventful week.”

A Market News International survey had expected the initial claims level to stabilize at 640,000 this week from the originally reported 640,000 in the April 18 week. The April 18 estimate was revised up to 645,0000.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.