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- U.S. weekly jobless claims increase less than forecast
U.S. weekly jobless claims increase less than forecast
U.S. weekly
jobless claims increase less than forecast
The data from
the Labor Department revealed on Thursday the number of applications for
unemployment benefits rose modestly last week, suggesting the labor market
continues to tighten despite slowing hiring and economic growth.
According to
the report, the initial claims for unemployment benefits increased by 4,000 to
a seasonally adjusted 214,000 for the week ended October 12.
Economists had
expected 215,000 new claims last week.
Claims for the
prior week were remained unchanged at 210,000.
Meanwhile, the
four-week moving average of claims increased by 1,000 to 214,750 last week.
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