US Jobless Claims Rise Less than Expected
The number of Americans filling for unemployment benefits increased by 6 thousand to 211 thousand in the week ended January 18th from the previous week’s revised level of 205 thousand and compared with market expectations of 211 thousand. The Labor Department said claims for Alabama, California, Delaware, Hawaii, Kansas, Puerto Rico and Virginia were estimated because of Monday's Martin Luther King holiday. The 4-week moving average was 213,250, a decrease of 3,250 from the previous week's revised average of 216,500. According to unadjusted data, the biggest rises were seen in Illinois (+2,128), California (+1,226) and Washington (+525) while the largest declines were reported in Pennsylvania (-10,127), Georgia (-10,028) and Texas (-6,515). Meantime, continuing jobless claims decreased by 37 thousand to 1731 thousand.
72 min ago