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- U.S. weekly jobless claims rise more than forecast
U.S. weekly jobless claims rise more than forecast
The data from
the Labor Department revealed on Thursday the number of applications for
unemployment benefits rose slightly last week.
According to
the report, the initial claims for unemployment benefits increased 10,000 to a
seasonally adjusted 227,000 for the week ended June 22.
Economists had
expected 220,000 new claims last week.
Claims for the
prior week were revised upwardly to 217,000 from the initial estimate of 216,000.
Meanwhile, the
four-week moving average of claims increased to 221,250 from 219,000 the
previous week..
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