US jobless claims rose more than expected last week

FXStreet (Mumbai) - The data released by the US labor department on Thursday showed Initial jobless claims rose last week to 294K, beating the estimate of 280K. The last week’s number was Last week's number was also revised up slightly to 282K.

The 4-week moving average of the claims, which gives a more accurate picture of the labor market strength rose slightly from last week's nearly 15-year low, but rose by just 250. Meanwhile, the continuing claims dropped to the lowest level since 2000, to print at 2268K va 2308K last week.

However, the jobless claims in the US held below 30K for the sixth consecutive month.