14 February 2002, 16:41  US weekly jobless claims down 8,000 to 373,000

WASHINGTON (AFX) - Initial claims for regular state unemployment benefits fell 8,000 to a seasonally adjusted 373,000 for the week ended Feb 9 from the previous week, the Labor Department said. The level of jobless claims was in line with the consensus forecast of Wall Street economists. Jobless claims for the week ended Feb 2 fell a revised 9,000 to 381,000, compared with the initial estimate of a 30,000 rise to 390,000. The four-week moving average for initial jobless claims fell 5,500 to 376,000. This is the lowest four-week moving average since Aug 11, before the September terrorist attacks. On an unadjusted basis, claims fell 7,232 to 438,703. There were 396,750 claims in the comparable week last year. For the week ended Feb 2, the level of continuing jobless claims was 3.43 mln. Continuing claims includes individuals who have already filed a jobless claim, and are still drawing unemployment benefit. The four-week moving average for continuing claims fell to 3.42 mln, the lowest level since Sept 29.

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