Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

U.S. jobless claims rise slightly, labor market improving

Published 07/03/2014, 09:51 AM
Updated 07/03/2014, 08:40 AM
U.S. jobless claims rise slightly, labor market improving

WASHINGTON, (Reuters) - The number of Americans filing new claims for unemployment benefits rose marginally last week, but continued to suggest the labor market was steadily improving.

Initial claims for state unemployment benefits rose by 2,000 to a seasonally adjusted 315,000 for the week ended June 28, the Labor Department said on Thursday.

The prior week's claims were revised to show 1,000 more applications received than previously reported.

Economists polled by Reuters had forecast first-time applications for jobless aid rising to 314,000 last week.

A Labor Department analyst said there were no special factors influencing the state level data.

© Reuters. Job seekers apply for the 300 available positions at a new Target retail store in San Francisco

The four-week moving average for new claims, considered a better measure of underlying labor market conditions as it irons out week-to-week volatility, rose by 500 to 315,000 last week.

The claims report showed the number of people still receiving benefits after an initial week of aid increased 11,000 to 2.58 million in the week ended June 21.

(Reporting by Lucia Mutikani; Editing by Paul Simao)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.