WASHINGTON — Initial claims for unemployment dropped by a further 24,000 in the first week of the new year to 467,000, far below expectations, in what a Labor Department analyst described as a “pretty clean report.”

The figure is 58,000 less than that forecasted by analysts in Market News International’s survey, which had centered on an increase of 33,000 to 525,000.

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.