U.S. jobless claims drop last week

Source: Xinhua | 2018-10-05

The number of U.S. jobless claims declined last week, signaling strong momentum in the U.S. labor market, the U.S. Labor Department reported on Thursday.

According to the department, the number of people filing for U.S. unemployment benefits dropped 8,000 to stand at 207,000 in the week which ends Sept. 29.

The four-week average of initial claims rose by 500 to 207,000 last week, said the department.