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- U.S. weekly jobless claims total 719,000
U.S. weekly jobless claims total 719,000
The data from
the Labor Department revealed on Thursday the number of applications for
unemployment was higher than expected last week.
According to the report, the initial claims for unemployment benefits increased by 61,000 to 719,000 for the week ended March 27.
Economists had expected 680,000 new claims last week.
Claims for the
prior week were revised downwardly to 658,000 from the initial estimate of 684,000.
Meanwhile, the
four-week moving average of jobless claims declined to 719,000 from a downwardly
revised 729,500 in the previous week.
Continuing
claims dropped to 3,794,000 from a downwardly revised 3,840,000 in the previous
week.
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