U.S. Weekly Jobless Claims Climb To 214,000
(RTTNews) - A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rebounded by more than expected in the week ended January 20th.
The Labor Department said initial jobless claims climbed to 214,000, an increase of 25,000 from the previous week's revised level of 189,000.
Economists had expected initial jobless claims to rise to 200,000 from the 187,000 originally reported for the previous week.
Meanwhile, the report said the less volatile four-week moving average edged down to 202,250, a decrease of 1,500 from the previous week's revised average of 203,750.
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