Exact(27)
Economists were encouraged by the drop in claims.
Michigan had the largest drop in claims of 1,915.
California had the largest drop in claims of 2,751.
Many economists had forecast a drop in claims.
A surprise drop in claims for unemployment insurance provided the most encouragement about the economy.
California reported the largest drop in claims, a decline of 22,674.
Similar(33)
Most of that drop was in claims on developed countries (cross-border claims on the euro area dropped by over $470 billion in the fourth quarter), but claims on emerging markets also fell, for the second consecutive quarter.The BIS numbers come with a hefty lag, of course, and the fourth quarter is likely to have been particularly bad.
B5 Drop in Asbestos Claims The number of asbestos claims filed against one of the biggest trusts set up to compensate victims of asbestos fell last year to its lowest level in more than a decade.
The drop in new claims pulled the four-week moving average for jobless claims down to 395,750, from 400,250 the previous week.
The drop in initial claims was the largest one-week decline since a 31,000 decrease in the week ended April 5, and brought claims well below Wall Street forecasts for 410,000.
The drop in defamation claims is very marked indeed.
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