Initial jobless claims fall less than expected

pulse

July 13, 2017 1:18 PM

The latest read on initial jobless claims.

Dora Reynolds, who is currently unemployed, sits along a road downtown on October 24, 2016 in East Liverpool, Ohio

Initial jobless claims fell less than expected.

Claims,

Economists forecast claims would fall to 245,000 from the prior week's upwardly revised 250,000.

Initial jobless claims are used as a real-time proxy for the pace of layoffs, since people usually file for benefits soon after they lose their jobs.

The four-week moving average came in at 245,750, an uptick of 2,250 from the previous week's revised average.

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