Adjusted Weekly Unemployment Claims Tick Lower

December 27, 2012 9:37 AM EST
On Thursday, data out of the U.S. Department of Labor showed seasonally adjusted initial claims of 350,000, a decrease of 12,000 from the previous week's revised-higher figure of 362,000.

Economists expected claims of 375,000. The better than expected results gave invests a slight confidence boost, though weekly data is notoriously bumpy.

Investors will get a more accurate picture on U.S. employment on January 4th, when the labor department releases its official December unemployment rate and the change in nonfarm payroll figures.

The advance number of actual initial claims, unadjusted, totaled 440,887 in the week ending December 22, an increase of 39,458 from the previous week. There were 497,689 initial claims in the comparable week in 2011.

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