U.S. Weekly Jobless Claims Inch Slightly Higher
(RTTNews) - First-time claims for U.S. unemployment benefits crept slightly higher in the week ended March 15th, according to a report released by the Labor Department on Thursday.
The report said initial jobless claims inched up to 223,000, an increase of 2,000 from the previous week's revised level of 221,000.
Economists had expected jobless claims to rise to 224,000 from the 220,000 originally reported for the previous week.
The Labor Department said the less volatile four-week moving average also edged up to 227,000, an increase of 750 from the previous week's revised average of 226,250.
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.