US initial jobless claims rise more than expectedStaff Writer |
America US initial jobless claims increased by 6,000 from the previous week
The number of Americans filing for unemployment benefits rose more than expected last week, according to figures from the Labor Department.
Meanwhile, the four-week moving average came in at 223,750, down 2,500 from the previous week's 226,250.
The four-week average is considered more reliable as it smooths out sharp fluctuations in the more volatile weekly figures, giving a more accurate picture of the health of the labour market.
Continuing claims - i.e. the number of people already collecting unemployment benefits - rose to 1.776 million, up 18,000 from the previous week's level, which was revised up by 3,000 to 1.758m. Analysts had expected a level of 1.775m. ■
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