The number of Americans filing new claims for unemployment benefits rose last week, government data showed Thursday.
Initial claims for state unemployment benefits rose to a seasonally adjusted 339,000 from 331,000 the week before, the Labor Department said.
Economists polled by Reuters had forecast first-time applications for jobless benefits slipping to 330,000 in the week ended February 8.
The four-week moving average for new claims, considered a better measure of underlying labor market conditions as it irons out week-to-week volatility, rose to 336,750 from 333,250.
via Reuters
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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