The data from
the Labor Department revealed on Thursday the number of applications for
unemployment benefits increased slightly last week, pointing to sustained labor
market strength.
According to
the report, the initial claims for unemployment benefits rose by 4,000 to a
seasonally adjusted 219,000 for the week ended September 28.
Economists had
expected 215,000 new claims last week.
Claims for the
prior week were revised upwardly to 215,000 from the initial estimate of 213,000.
Meanwhile, the
four-week moving average of claims was unchanged at 212,500 last week.