- U.S. weekly jobless claims total 351,000
Market news
U.S. weekly jobless claims total 351,000
The
data from the Labor Department showed on Thursday the number of applications
for unemployment unexpectedly increase last week but remained near pandemic-era
lows.
According
to the report, the initial claims for unemployment benefits increased by 16,000
to 351,000 for the week ended September 18. This was the highest reading in
four weeks.
Economists
had expected 320,000 new claims last week.
Claims for the prior week were revised upwardly to 335,000 from the initial estimate of 332,000.
Meanwhile,
the four-week moving average of jobless claims dropped to 335,750 from an
upwardly revised 336,500 in the previous week.
As for continuing claims, they increased to 2,845,000
from an upwardly revised 2,714,000 in the previous week.
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