U.S. Jobless Claims Rise More Than Expected to 424,000
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Data from the Labor Department Thursday showed the number of Americans filing for initial jobless benefits remained above the closely-watched 400,000 level for the seventh week in a row.
Jobless claims for the week ended May 21 came in at 424,000, up from a revised reading of 414,000 for the prior week and above the 404,000 economists had been expecting.
Initial filings within the U.S. dipped under 400,000 throughout February and March, however the indicator has held above this level rather consistently since.
Continuing claims for the week ended May 14th totaled 3.69 million, better than the 3.7 million economist estimate. Continuing claims fell from an upwardly revised reading of 3.736 million during the prior week.
U.S. stock futures are about flat following the data: the Dow Jones is up 3 points, the Nasdaq is down 4 and the S&P 500 is down 0.2.
Jobless claims for the week ended May 21 came in at 424,000, up from a revised reading of 414,000 for the prior week and above the 404,000 economists had been expecting.
Initial filings within the U.S. dipped under 400,000 throughout February and March, however the indicator has held above this level rather consistently since.
Continuing claims for the week ended May 14th totaled 3.69 million, better than the 3.7 million economist estimate. Continuing claims fell from an upwardly revised reading of 3.736 million during the prior week.
U.S. stock futures are about flat following the data: the Dow Jones is up 3 points, the Nasdaq is down 4 and the S&P 500 is down 0.2.
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