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14.11.2019 21:52

U.S. weekly jobless claims increase more than expected

The data from the Labor Department revealed on Thursday the number of applications for unemployment benefits rose more than forecast last week, but this is not seen as a signal of a shift in labor market conditions as claims for several states were estimated because of Monday’s holiday.

According to the report, the initial claims for unemployment benefits increased by 14,000 to a seasonally adjusted 225,000 for the week ended November 9. That was the highest reading since June 22.

Economists had expected 215,000 new claims last week.

Claims for the prior week were remained unchanged at 211,000.

Meanwhile, the four-week moving average of claims rose by 1,750 to 217,000 last week.


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