Reuters
U.S. Jobless Claims Rise in Latest Week
Thursday January 2, 8:39 am ET
WASHINGTON (Reuters) - Lines for state unemployment benefits grew in late December, pushing up new jobless claims by a surprisingly steep 13,000, the government said on Thursday.
Initial claims for unemployment insurance benefits rose to 403,000 in the week ended Dec. 28 from a revised 390,000 the previous week, the Labor Department said. The rise was bigger than the average Wall Street expectation for 391,000 claims and well above the previous week's original measure of 378,000.
The rise brought the average weekly rate of new claims over the past four weeks to 418,750 -- up from 407,500 in the prior four-week period. Some economists consider the four-week average a better indicator than weekly claims of the health of the job market and the economy.
U.S. Jobless Claims Rise in Latest Week
Thursday January 2, 8:39 am ET
WASHINGTON (Reuters) - Lines for state unemployment benefits grew in late December, pushing up new jobless claims by a surprisingly steep 13,000, the government said on Thursday.
Initial claims for unemployment insurance benefits rose to 403,000 in the week ended Dec. 28 from a revised 390,000 the previous week, the Labor Department said. The rise was bigger than the average Wall Street expectation for 391,000 claims and well above the previous week's original measure of 378,000.
The rise brought the average weekly rate of new claims over the past four weeks to 418,750 -- up from 407,500 in the prior four-week period. Some economists consider the four-week average a better indicator than weekly claims of the health of the job market and the economy.
