Market news
29.08.2019, 12:44

U.S. weekly jobless claims rise in line with expectations

The data from the Labor Department revealed on Thursday the number of applications for unemployment benefits increased moderately last week, pointing to sustained labor market strength despite slowing economic growth.

According to the report, the initial claims for unemployment benefits rose by 4,000 to a seasonally adjusted 215,000 for the week ended August 24.

Economists had expected 215,000 new claims last week.

Claims for the prior week were revised upwardly to 211,000 from the initial estimate of 209,000.

Meanwhile, the four-week moving average of claims went down 500 to 214,500 last week.

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