Jobless claims ease for 3rd straight week

Via …

The number of out-of-work Americans who signed up for jobless benefits fell for the third week in a row, matching economists’ expectations.

The Department of Labor reported Thursday that initial filings for state jobless benefits decreased by 10,000 to a seasonally adjusted 425,000 in the week ended Aug. 23. That’s the fewest number of filings since the week of July 19.

The four-week seasonally adjusted moving average of new jobless claims fell 6,000 to 440,250 in the past week. Last year at this time, the figure was 324,750. The average is used to smooth out weekly fluctuations.