Jobless Claims Rise to 436K; Broader Reading Shows Positive Signs
Tweet
Share
E-mail
More workers int he U.S. filed for unemployment benefits last week, however the trends over the broader jobs sector show a slowly recovering market.
The Labor Department said Thursday that unemployment aid rose last week by 26,000 to a seasonally adjusted rate of 26,000 to 436,000. Economists had been looking for 424,000.
The previous week's reading was revised upward to a seasonally adjusted rate of 410,000, from a prior view of 407,000.
The four-week moving average, which limits the volatility of the reading, fell to 431,000 last week, marking a two-year low.
The report comes before the nonfarm payroll report for November scheduled to be released on Friday. Economists are predicting that the unemployment rate will not move from its position at 9.6 percent.
The Labor Department said Thursday that unemployment aid rose last week by 26,000 to a seasonally adjusted rate of 26,000 to 436,000. Economists had been looking for 424,000.
The previous week's reading was revised upward to a seasonally adjusted rate of 410,000, from a prior view of 407,000.
The four-week moving average, which limits the volatility of the reading, fell to 431,000 last week, marking a two-year low.
The report comes before the nonfarm payroll report for November scheduled to be released on Friday. Economists are predicting that the unemployment rate will not move from its position at 9.6 percent.
Are you missing key trading opportunities? Upgrade to StreetInsider Premium and get a step ahead of the market - FREE TRIAL!
Create E-mail Alert Related Categories
Economic DataRelated Entities
LayoffsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
