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- U.S. weekly jobless claims increase more than expected
U.S. weekly jobless claims increase more than expected
The data from
the Labor Department revealed on Thursday the number of applications for
unemployment benefits rose more than forecast last week, but this is not seen
as a signal of a shift in labor market conditions as claims for several states
were estimated because of Monday’s holiday.
According to
the report, the initial claims for unemployment benefits increased by 14,000 to
a seasonally adjusted 225,000 for the week ended November 9. That was the highest
reading since June 22.
Economists had
expected 215,000 new claims last week.
Claims for the
prior week were remained unchanged at 211,000.
Meanwhile, the
four-week moving average of claims rose by 1,750 to 217,000 last week.
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