Mumbai, Nov. 27 -- A report released by the Labor Department on Wednesday showed an unexpected dip by first-time claims for U.S. unemployment benefits in the week ended November 22nd.
The Labor Department said initial jobless claims slipped to 216,000, a decrease of 6,000 from the previous week's revised level of 222,000.
With the unexpected dip, jobless claims fell to their lowest level since hitting a matching number in the week ended April 12th.
The report said the less volatile four-week moving average also edged down to 223,750, a decrease of 1,000 from the previous week's revised average of 224,750.
Meanwhile, the Labor Department said continuing claims, a reading on the number of people receiving ongoing unemployment assistance, ...