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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 moderately last week, but the trend in claims
remained consistent with strong labor market conditions.
According to
the report, the initial claims for unemployment benefits increased by 8,000 to
a seasonally adjusted 215,000 for the week ended July 27
Economists had
expected 212,000 new claims last week.
Claims for the
prior week were revised upwardly to 207,000 from the initial estimate of 206,000.
Meanwhile, the
four-week moving average of claims decreased by 1,750 to 211,500 last week.
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