Weekly jobless claims little changed |
| Reuters - Nov 18, 2010 |
New U.S. claims for unemployment benefits rose slightly last week as expected, but the underlying trend remained tilted toward a gradual improvement in the labor market.
Initial claims for state unemployment benefits climbed 2,000 to a seasonally adjusted 439,000, the Labor Department said. Economists polled by Reuters had forecast claims rising to 440,000 from the previously reported 435,000. The government revised the prior week's figure up to 437,000.
The four-week average of new jobless claims, considered a better measure of underlying labor market trends, dropped 4,000 to 443,000, the lowest level since the week ending September 6, 2008.
The number of people still receiving benefits after an initial week of aid fell 48,000 to 4.30 million in the week ended November 6, in line with expectations and the lowest since November 2008. The prior week's figure was revised up to 4.34 million.
Read Full Article from Reuters
- Posted: 2010-11-18 08:41:08
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