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U.S. jobless claims rise in latest week

imageEconomic Indicators11 hours ago (Feb 27, 2020 09:11AM ET)

(C) Reuters. U.S. jobless claims rise in latest week

(Reuters) – Initial claims for unemployment benefits rose more than expected to 219,000 in the latest week from a revised 211,000 the previous week, the U.S. Labor Department said on Thursday.

Economists polled by Reuters had forecast claims would rise to 212,000.

The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility, rose to 209,750.

Thursday’s claims report also showed the number of people receiving benefits after an initial week of aid declined to 1.724 million.

U.S. jobless claims rise in latest week

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