- Reuters/Jason Reed
Initial jobless claims unexpectedly dropped to 267,000.
Economists were expecting claims to tick up slightly to 270,000 from last week’s 268,000.
The reading has now been below the threshold of 300,000 for 65 straight weeks – the longest streak since 1973.
The 4-week moving average came in at 276,750, a decrease of 1,750 from the previous week’s unrevised average of 278,500.
The report noted no special factors.