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- U.S. weekly jobless claims total 362,000
U.S. weekly jobless claims total 362,000
The
data from the Labor Department showed on Thursday the number of applications
for unemployment unexpectedly rise last week.
According
to the report, the initial claims for unemployment benefits increased by 11,000
to 362,000 for the week ended September 25. This was the highest reading in seven
weeks.
Economists
had expected 335,000 new claims last week.
Claims for the prior week were left unrevised at 351,000.
Meanwhile,
the four-week moving average of jobless claims increased to 340,000 from an unrevised 335,750 in the previous week.
As for continuing claims, they decreased to 2,802,000
from a downwardly revised 2,820,000 in the previous week.
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