Shutterstock photo
Markets

U.S. initial jobless claims rise by 17,000 to 361,000 last week

Shutterstock photo

Shutterstock photo

Investing.com - Investing.com - The number of people who filed for unemployment assistance in the U.S. rose more-than-expected last week, official data showed on Thursday.

In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending December 15 rose by 17,000 to a seasonally adjusted 361,000, compared to expectations for an increase of 13,000 to 357,000.

Jobless claims for the preceding week were revised up to 344,000 from a previously reported 343,000,

Continuing jobless claims in the week ended December 8 rose to 3.225 million. Analysts had expected continuing claims to fall to 3.199 million from last week's revised figure of 3.213 million.

The four-week moving average was 367,750, a decrease of 13,750 from the previous week's revised average of 381,500.

The monthly average is seen as a more accurate gauge of labor trends because it reduces volatility in the week-to-week data.

Following the release of the data, the U.S. dollar was lower against the euro, with EUR/USD adding 0.22% to trade at 1.3256.

Meanwhile, U.S. stock future indices were little changed. The Dow Jones Industrial Average futures pointed to a flat open, S&P 500 futures were little changed, while the Nasdaq 100 futures signaled a gain of 0.15%.

Investing.com - Investing.com offers an extensive set of professional tools for the Forex, Commodities, Futures and the Stock Market including real-time data streaming, a comprehensive economic calendar, as well as financial news and technical & fundamental analysis by in-house experts.

Read more News on Investing.com or Follow us on Twitter at @ Newsinvesting

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx