US weekly jobless claims total 214,000, vs 206,000 expected

Earnings


Luke Sharrett | Bloomberg | Getty Images

A job seeker registers during a Job News USA career fair in Overland Park, Kansas.

The number of Americans filing for unemployment benefits unexpectedly rose last week but remained near a 49-year low, and the increase appeared unlikely to dislodge the view that the U.S. labor market remains strong.

Initial claims for state unemployment benefits increased 7,000 to a seasonally adjusted 214,000 for the week ended Oct. 6, the Labor Department said on Thursday.

Economists polled by Reuters had forecast claims slipping to 206,000 in the latest week from 207,000 a week earlier.

The Labor Department said claims for South and North Carolina were affected by Hurricane Florence, which lashed the region in mid-September. The department also said claims for Virginia and Puerto Rico were estimated.

The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility, rose 2,500 to 209,500 last week.



Source link

Products You May Like

Articles You May Like

Trump-approved boycott of Harley taking a toll as trade-ins rise
Mega Millions jackpot at $868 million, the second-largest US lottery prize ever
Small-cap stocks getting hammered — three experts debate the next move
PG, HON, F, VFC, HOG AMZN & more
Surface Laptop 2 review

Leave a Reply

Your email address will not be published. Required fields are marked *