Thursday, August 13, 2015

US jobless claims rise unexpectedly week ending August 8, 2015

8/13/15, "US jobless claims rise unexpectedly,"

"The number of people filing new applications for unemployment benefits in the US rose last week. Initial jobless claims increased by 5,000 to 274,000 in the week ended August 8th, the Labor Department said today (August 13th).

Economists surveyed by The Wall Street Journal had forecast 270,000 new applications for jobless benefits last week.

Although claims have risen for three consecutive weeks, analysts believe this a sign layoffs have stabilised and the economy is adding jobs. The four-week moving average declined to the lowest level in more than 15 years.

US employers added a seasonally adjusted 215,000 jobs to payrolls in July, with the unemployment rate standing at 5.3 per cent, the lowest level in seven years."...


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