Back
31 Mar 2016
US initial jobless claims rose to two-month high
The Labor Department data showed today number of applications for unemployment benefits in the US climbed last week to a two-month high.
The initial jobless claims rose 11,000 to 276,000 in the week ended March 26, the highest since the end of January. Markets were expecting a figure of 265,000. Nevertheless, jobless claims have stayed below 300K mark for 56 consecutive week.
The four-week moving average of claims, a less volatile measure than the weekly figures, increased to 263,250 from 259,750.
The initial jobless claims rose 11,000 to 276,000 in the week ended March 26, the highest since the end of January. Markets were expecting a figure of 265,000. Nevertheless, jobless claims have stayed below 300K mark for 56 consecutive week.
The four-week moving average of claims, a less volatile measure than the weekly figures, increased to 263,250 from 259,750.