US weekly jobless claims decline nearly 2%

• U.S. weekly jobless claims totaled 229,000 in the most recent week, below the 235,000 economists polled by Reuters anticipated.

First-time claims for state unemployment insurance benefits fell from the previous week, coming in below expectations.

U.S. weekly jobless claims totaled 229,000 in the week ended October 28, below the 235,000 claims economists polled by Reuters anticipated. This was a 1.7 percent decline from the previous week, when claims totaled a revised 234,000.