• U.S. jobless claims unexpectedly hold steady last week

Market news

2 May 2019

U.S. jobless claims unexpectedly hold steady last week

The data from the Labor Department revealed on Thursday the number of applications for unemployment benefits unexpectedly held at a two-month high last week, but the trend remained consistent with tightening labor market conditions.

According to the report, the initial claims for unemployment benefits were unchanged at a seasonally adjusted 230,000 for the week ended April 27.

Economists had expected 215,000 new claims last week. 

Claims for the prior week were remained unchanged at 230,000.

Meanwhile, the four-week moving average of claims rose 6,500 to 212,500 last week.

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