- U.S. weekly jobless claims total 353,000
Market news
U.S. weekly jobless claims total 353,000
The
data from the Labor Department showed on Thursday the number of applications
for unemployment increased more than forecast last week but remained near pandemic-era
lows.
According to the report, the initial claims for unemployment benefits rose by 4,000 to 353,000 for the week ended August 21.
Economists
had expected 350,000 new claims last week.
Claims for the prior week
were revised upwardly to 349,000 from the initial estimate of 348,000.
Meanwhile,
the four-week moving average of jobless claims dropped to 366,500 from an
upwardly revised 378,000 in the previous week.
As
for continuing claims, they slipped to 2,862,000 from an upwardly revised 2,865,000
in the previous week. This was the lowest reading since March 2020.
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