• Rate this Story
  • 0
  • 0

January 17, 2013 5:49 AM PST

U.S. jobless claims last week eased to a five-week low, while December housing starts surged the most since June 2008, further evidence that the U.S. economy got a running start on 2013.

U.S. housing starts in December jumped 12.1 percent to 954,000 from the previous month's downwardly revised level. It was the most housing starts in a month since June 2008. The biggest contributor to the gain was an increase in construction of multi-family buildings.

First-time claims for unemployment benefits fell 37,000 to 335,000, down from the previous week's revised 372,000 and the biggest weekly drop since February 2010. The more representative four-week moving average slipped 359,250 from the previous week's revised four-week average of 366,000.

To contact the editor, e-mail:

  • Rate this Story
  • 0
  • 0
This article is copyrighted by International Business Times, the business news leader

Join the Conversation

Follow IBTimes

E-Newsletters

We value your privacy. Your email address will not be shared.