By Eric Morath and David Harrison
WASHINGTON--The number of Americans applying for first-time unemployment benefits rose slightly last week but remained at a historically low level, the Labor Department said Thursday. Here are the report's takeaways:
--Initial jobless claims rose by 4,000 in the week ended Feb. 15 to a seasonally adjusted 210,000. That matched the forecast of economists surveyed by The Wall Street Journal.
--Claims for the week ended Feb. 8 were revised up to 206,000 from an initial estimate of 205,000.
--Jobless claims can be volatile week-to-week. The four-week moving average, which smoothes those variations fell by 3,250 to 209,000.
--Continuing claims, those filed by workers unemployed for longer than a week, were up 25,000 to 1.726 million. Continuing claims are reported with a one-week lag.
The Labor Department report on jobless claims can be accessed at: https://www.dol.gov/ui/data.pdf.
(END) Dow Jones Newswires
February 20, 2020 08:45 ET (13:45 GMT)
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