- U.S. weekly jobless claims total 332,000
Market news
U.S. weekly jobless claims total 332,000
The
data from the Labor Department showed on Thursday the number of applications
for unemployment rose slightly more than forecast last week.
According
to the report, the initial claims for unemployment benefits increased by 20,000
to 332,000 for the week ended September 11.
Economists
had expected 330,000 new claims last week.
Claims for the prior week
were revised upwardly to 312,000 from the initial estimate of 310,000. That was the lowest weekly total since the pandemic began.
Meanwhile,
the four-week moving average of jobless claims dropped to 335,750 from an
upwardly revised 340,000 in the previous week.
As
for continuing claims, they declined to 2,665,000 from an upwardly revised 2,852,000
in the previous week. This was the lowest reading since March 2020.
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