US jobless claims fall for second consecutive week

US jobless claims fell under analyst expectations for the second consecutive week, according to figures reported by the US Department of Labour today.

The organisation announced the advance figure for seasonally adjusted claims was 243,000 for the week ending August 20, representing a drop of 2,000 week-on-week.

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Jobless claims for the previous week were revised down by 5,000 to 245,000.

The Department confirmed a four-week moving average of 247,000, representing a growth of 1,500 from the revised average last week.

The average for the week before was revised down by 1,250 to 245,000.

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