India, July 3 -- The Labor Department released a report on Thursday showing an unexpected decrease by first-time claims for U.S. unemployment benefits in the week ended June 28th.
The report said initial jobless claims edged down to 233,000, a decrease of 4,000 from the previous week's revised level of 237,000.
Economists had expected jobless claims to inch up to 240,000 from the 236,000 originally reported for the previous week.
"Initial claims for unemployment insurance benefits are noisy this time of year, but the dip in the week ended June 28 is encouraging and adds to the list of signs that the labor market is doing reasonably well, and that a July rate cut is off the table," said Ryan Sweet, Chief U.S. Economist at Oxford Economics...