U.S. Weekly Jobless Claims Inch Up To 206,000
(RTTNews) - First-time claims for U.S. unemployment benefits crept slightly higher in the week ended August 29th, according to a report released by the Labor Department on Thursday.
The report said initial jobless claims edged up to 206,000, an increase of 2,000 from the previous week's revised level of 204,000.
Economists had expected jobless claims to inch up to 205,000 from the 203,000 originally reported for the previous week.
The Labor Department said the less volatile four-week moving average also ticked up to 207,250, an increase of 1,500 from the previous week's revised average of 205,750.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.