US jobless claims see slight rise

Thursday 13 February 2014 14.30
New claims for US unemployment insurance benefits edged higher but remain close to the long-term trend
New claims for US unemployment insurance benefits edged higher but remain close to the long-term trend

The number of Americans filing new claims for unemployment benefits rose last week, government data has shown.

Initial claims for state unemployment benefits rose to a seasonally adjusted 339,000 from 331,000 the week before, the country’s Labor Department said.

Economists polled by Reuters had forecast first-time applications for jobless benefits slipping to 330,000 in the week ended 8 February.

The four-week moving average for new claims, considered a better measure of underlying labour market conditions as it irons out week-to-week volatility, rose to 336,750 from 333,250.