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21 May 2015
US initial jobless claims rise more than expected, 4-week avg at 15-year low
FXStreet (Mumbai) - The US labor department data released on Thursday showed the first time applications for unemployment benefits rose to 274K, bearing the estimate of 271K in the last week, although the four-week average continued to remain at a 15-year low.
The initial jobless claims increased by 9,000 to 274,000 in the week ended May 16. The four-week average of claims, which provides a more accurate picture of the labor market strength, decreased to 266,250, lowest since April 15, 2000, in the period ended May 16 from 271,750.
Meanwhile, the continuing claims decreased by 12,000 to 2.21 million in the week ended May 9, the lowest level since November 2000.
The initial jobless claims increased by 9,000 to 274,000 in the week ended May 16. The four-week average of claims, which provides a more accurate picture of the labor market strength, decreased to 266,250, lowest since April 15, 2000, in the period ended May 16 from 271,750.
Meanwhile, the continuing claims decreased by 12,000 to 2.21 million in the week ended May 9, the lowest level since November 2000.