US Jobless Claims Drop 27k To 341k, In Weather-Skewed Week

  @JosephLazzaro on

U.S. initial jobless claims fell 27,000 to 341,000 in the latest week, the U.S. Labor Department announced Thursday, but economists caution that the data may have been skewed lower due to a northeast U.S. snowstorm, which may have delayed filings.

That's why economists emphasize the four-week moving average, which can smooth out anomalies caused by weather, strikes and other events. That average rose 1,500 to 352,500.   

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