WASHINGTON: US claims for unemployment benefits fell at the start of November, continuing a record streak of low levels, according to figures released Thursday by the Labor Department.
Initial claims fell 11,000 to 254,000 in the week ending November 5, retreating the from the three-month high recorded in the prior week. An analyst consensus had forecast a result of 262,000 claims.
The latest result extended the streak of low results to 88 weeks below 300,000 claims, the longest since 1970.
The four-week moving average nevertheless rose 1,750 to 259,750.
The US economy has steadily pumped out jobs in recent months, leading market players and analysts to anticipate an increase in interest rates as soon as next month.
The decision however will come after the next monthly report on job creation, with the Federal Reserve emphasizing that its decisions are data-dependent.
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