US Jobless Claims Rise Slightly Last Week

Date : 02/20/2020 @ 2:00PM
Source : Dow Jones News

US Jobless Claims Rise Slightly Last Week

   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)

Copyright (c) 2020 Dow Jones & Company, Inc.


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