The U.S. Department of Labour says initial jobless claims fell 25,000 last week to 319,000.
Expectations are for a reading of 325,000, down from a revised 345,000 last week.
The four-week moving average was 324,750, an increase of 4,500 from the previous week’s revised average. The previous week’s average was revised up by 250 from 320,000 to 320,250.
Here’s what the four-week moving average has looked like recently:
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.