Jobless Claims Fall 6,000 To 462,000 in Latest Week

Initial jobless claims fell 6,000 to 462,000 for the week ending March 6, in line with economists’ estimates, the Labor Department reported yesterday.

Continuing claims rose to 4.558 million for the week ending Feb. 27 from 4.521 million the previous week, which was revised higher from 4.5 million.

Economists expected 460,000 initial jobless claims and 4.49 million continuing claims, according to the median estimate from Thomson Reuters.

Initial claims for the week ending Feb 27 were revised to 468,000 from the 469,000 reported last week.

The four-week moving average of initial claims, a less volatile figure, increased to 475,500 from 470,500.

The four-week average for continuing claims was unchanged at 4.581 million. The previous week’s continuing claims ­four-week average was revised higher from 4.576 ­million.

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