Initial jobless claims unexpectedly dropped.
Claims, which count the number of people who applied for unemployment insurance for the first time, fell by 4,000 to 232,000.
Economists forecast claims rose by 4,000 to 240,000 from the prior week’s 236,000.
The four-week moving average came in at 240,750, a drop of 2,750 from the previous week’s unrevised average of 243,500.
More from Elena Holodny:
- The Trump administration formally launched NAFTA renegotiations — here’s what you need to know
- Brazilian markets are getting rocked amid another growing political scandal
- Initial jobless claims unexpectedly drop
- The US dollar has officially given up all its post-election gains
- The dollar has erased nearly all its post-election gains
Business Insider Emails & Alerts
Site highlights each day to your inbox.