U.S. Weekly Jobless Claims Show Modest Increase
October 17 2019 - 5:21AM
RTTF2
First-time claims for U.S. unemployment benefits saw a modest
increase in the week ended October 12th, according to a report
released by the Labor Department on Thursday.
The report said initial jobless claims edged up to 214,000, an
increase of 4,000 from the previous week's unrevised level of
210,000. Economists had expected jobless claims to inch up to
215,000.
The Labor Department said the less volatile four-week moving
average also crept up to 214,750, an increase of 1,000 from the
previous week's unrevised average of 213,750.
Meanwhile, the report said continuing claims, a reading on the
number of people receiving ongoing unemployment assistance, fell by
10,000 to 1.679 million in the week ended October 5th.
The four-week moving average of continuing claims still rose to
1,669,750, an increase of 3,500 from the previous week's revised
average of 1,666,250.
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