Economists are forecasting a modest economic boost from the US tax overhaul
Claims are declining as the effects of Hurricanes Harvey and Irma wash out of the data
A Labour Department official said Hurricane Harvey and Irma affected claims for Texas, Florida, Georgia, Puerto Rico and the Virgin Islands
It was the 128th week that claims remained below 300,000
Labor market tightness could encourage the Federal Reserve to unwind its $4.2 trn Treasury bonds
Claims have now been below 300,000, a threshold associated with a healthy labour market
Claims were revised upwards by 1,000 to 2,38,000 from 2,37,000
Raft of upbeat economic data support an interest rate hike next month
Poll had forecast first-time applications for jobless benefits falling to 250,000 last week
Unemployment benefit have remained below 300,000 for 101 straight weeks
This points towards a labour strength that underscores the economy's sustained momentum