Mumbai, Dec. 26 -- The Labor Department released a report on Wednesday showing first-time claims for U.S. unemployment benefits fell by more than expected in the week ended December 20th.
The report said initial jobless claims dipped to 214,000, a decrease of 10,000 from the previous week's unrevised level of 224,000.
The Labor Department said the less volatile four-week moving average also slipped to 216,750, a decrease of 750 from the previous week's unrevised average of 217,500.
Meanwhile, the report said continuing claims, a reading on the number of people receiving ongoing unemployment assistance, rose by 38,000 to 1.923 million in the week ended December 13th.
The four-week moving average of continuing claims still edged fell to 1...