The number of Americans filing for first-time claims for unemployment insurance fell last week, the Labor Department said Thursday.
There were 462,000 initial claims filed in the week ended March 6, down 6,000 from the previous week's downwardly revised 468,000, the Labor Department said in its weekly report.
A consensus estimate of economists surveyed by Briefing.com expected claims to drop to 460,000.
The 4-week moving average of initial claims, which levels out volatility, was 475,500, up 5,000 from the previous week's downwardly revised average of 470,500.
The number of people filing continuing claims rose to 4,558,000 in the week ended Feb. 27, the most recent data available. That was up 37,000 from the preceding week's upwardly revised 4,521,000 claims. Economists were expecting continuing claims to remain unchanged at 4,500,000.