Initial Unemployment Claims Edge Lower
Washington, DC, Aug. 11, 2016 -- Initial jobless claims ticked lower last week to a seasonally adjusted 266,000, the Labor Department said Thursday.
Initial claims have been below 300,000 for 75 weeks in a row, the longest streak since 1970.
The number largely kept with economists' expectations.
The 4-week moving average rose 3,000 to 262,750.
Continuing claims rose by 14,000 to 2.16 million.