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New U.S. Jobless claims rise
WASHINGTON -- The number of U.S. workers filing new claims for unemployment benefits rose more than expected last week, data showed on Thursday, indicating the labour market remains fragile despite signs of economic revival.
Initial claims for state jobless insurance increased 11,000 to a seasonally adjusted 531,000 in the week ended Oct. 17 from a revised 520,000 the prior week, the labour Department said, after declining for two consecutive weeks.
Analysts polled by Reuters had forecast new claims nudging up to 515,000 last week from a previously reported 514,000.
U.S. stock index futures briefly trimmed gains on the report, while government bond prices held losses.
"There is a little bit of noise this time of year with seasonal adjustments," said Scott Brown, chief economist at Raymond James & Associates in St. Petersburg, Fla.Read the full article here.
WASHINGTON -- The number of U.S. workers filing new claims for unemployment benefits rose more than expected last week, data showed on Thursday, indicating the labour market remains fragile despite signs of economic revival.
Initial claims for state jobless insurance increased 11,000 to a seasonally adjusted 531,000 in the week ended Oct. 17 from a revised 520,000 the prior week, the labour Department said, after declining for two consecutive weeks.
Analysts polled by Reuters had forecast new claims nudging up to 515,000 last week from a previously reported 514,000.
U.S. stock index futures briefly trimmed gains on the report, while government bond prices held losses.
"There is a little bit of noise this time of year with seasonal adjustments," said Scott Brown, chief economist at Raymond James & Associates in St. Petersburg, Fla.Read the full article here.