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Applications for US unemployment benefits edge up by 10,000 Thursday, 9 November 2017
WASHINGTON (AP) — The number of Americans filing applications for unemployment benefits edged up slightly to a still-low 239,000 last week. Meanwhile, the four-week average fell to a fresh 44-year low, evidence that the job market remains healthy. The Labor Department says that applications for jobless aid rose by a seasonally adjusted 10,000 last week after having fallen by 5,000 the previous week. The four-week average, which smooths out week-to-week volatility, dropped to 231,250, a decline of 1,250 from the previous week. It was the lowest level for the four-week average since it stood at 227,750 on March 31, 1973. Applications for unemployment benefits are a proxy for layoffs.
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Source: Wochit Business - < > Embed
News video: U.S. Jobless Claims Rise

▶ U.S. Jobless Claims Rise 00:37

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits unexpectedly rose last week in part as a backlog of applications from Puerto Rico continued to be processed, but the underlying trend pointed to tightening labor market conditions. Initial claims for state unemployment...

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