• U.S. weekly jobless claims rise as expected

Market news

20 February 2020

U.S. weekly jobless claims rise as expected

The data from the Labor Department revealed on Thursday the number of applications for unemployment benefits rose slightly last week, indicating the labor market remains strong.

According to the report, the initial claims for unemployment benefits increased by 4,000 to a seasonally adjusted 210,000 for the week ended February 15.

Economists had expected 210,000 new claims last week.

Claims for the prior week were revised upwardly to 206,000 from the initial estimate of 205,000.

Meanwhile, the four-week moving average of claims fell 3,250 to 209,000 last week.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.