End of Quarter Brings Unexpected Jump in Jobless Claims
Tweet
Share
E-mail
The number of Americans filing for first-time claims for unemployment benefits rose last week, as greater volatility was seen at the end of the quarter.
The Labor Department reported Thursday applications for jobless benefits rose 27,000 to 412,000 for the week ended April 9, marking the highest level in two months.
Economists had estimated the reading would see little change at 380,000.
The end of the quarter traditionally brings higher increases in jobless claims, but this year was greater than normal.
The four-week moving average, which strips out some volatility, rose to 395,750 from 390,250.
The number of Americans receiving continued jobless benefits dropped by 58,000 to 3.68 million during the week ended April 2, the lowest level since September 2008.
The Labor Department reported Thursday applications for jobless benefits rose 27,000 to 412,000 for the week ended April 9, marking the highest level in two months.
Economists had estimated the reading would see little change at 380,000.
The end of the quarter traditionally brings higher increases in jobless claims, but this year was greater than normal.
The four-week moving average, which strips out some volatility, rose to 395,750 from 390,250.
The number of Americans receiving continued jobless benefits dropped by 58,000 to 3.68 million during the week ended April 2, the lowest level since September 2008.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- U.S. June budget deficit at $120.31B vs -$129.0B estimate
- Fed: A Few Saw Case For Raising Rates At June Fomc Meeeting
- ISM Services (Jun) 54 vs 54 Expected
Create E-mail Alert Related Categories
Economic Data, Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
