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U.S. weekly jobless claims rise in latest week
WASHINGTON (CBS.MW) - First-time claims for state unemployment benefits rose in the latest week, the Labor Department reported Thursday.
The four-week average of initial claims rose 5,000 to 350,500 in the week ended Feb. 7.
It's the highest level in a month. The increase was higher than expected.
The consensus forecast of Wall Street economists was for the four-week moving average to rise by 1,000 to 345,000.
The number of initial claims in the week ending Jan. 31 rose by 6,000 to 363,000.
This is the highest level since the week ended Dec. 6, 2003.
A Labor Department official said ice storms in the Southeast impacted the data for the second straight week, but could not quantify the impact.
Meanwhile, the number of Americans receiving state jobless benefits fell to 3.083 million in the week ending Jan. 31. This is the lowest level since July 2001.
The four-week moving average of continuing claims fell 11,000 to 3.106 million, the lowest since August 2001.
WASHINGTON (CBS.MW) - First-time claims for state unemployment benefits rose in the latest week, the Labor Department reported Thursday.
The four-week average of initial claims rose 5,000 to 350,500 in the week ended Feb. 7.
It's the highest level in a month. The increase was higher than expected.
The consensus forecast of Wall Street economists was for the four-week moving average to rise by 1,000 to 345,000.
The number of initial claims in the week ending Jan. 31 rose by 6,000 to 363,000.
This is the highest level since the week ended Dec. 6, 2003.
A Labor Department official said ice storms in the Southeast impacted the data for the second straight week, but could not quantify the impact.
Meanwhile, the number of Americans receiving state jobless benefits fell to 3.083 million in the week ending Jan. 31. This is the lowest level since July 2001.
The four-week moving average of continuing claims fell 11,000 to 3.106 million, the lowest since August 2001.