Initial Claims Rose 10K Last Week Amid Fluctuating Seasonality
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Americans filing for unemployment benefits rose by more than expected last week, though the holidays may have had government agencies estimating some figures.
According to latest data out of the U.S. Labor Department, initial jobless claims rose by 10,000 to 372,000 apps for the week ended December 29th. Estimates expected a gain to 365,000 apps.
The prior week's results were revised higher to 362,000 apps.
Those continuing to collect rose 44,000 to 3.25 million apps while the four-week rolling average jumped modestly to 360,000 apps.
Due to businesses and agencies closing over the holiday, the Labor Department said it is difficult to hammer down a firm result.
Data comes just one day before nonfarm payroll numbers for December are released. Latest estimates call for a slight gain to 150,000 jobs, from 146,000 reported in November.
Earlier today, ADP said the U.S. added about 215,000 jobs in December, outpacing expectations calling for the addition of 140,000 jobs.
U.S. markets are lower early Thursday.
According to latest data out of the U.S. Labor Department, initial jobless claims rose by 10,000 to 372,000 apps for the week ended December 29th. Estimates expected a gain to 365,000 apps.
The prior week's results were revised higher to 362,000 apps.
Those continuing to collect rose 44,000 to 3.25 million apps while the four-week rolling average jumped modestly to 360,000 apps.
Due to businesses and agencies closing over the holiday, the Labor Department said it is difficult to hammer down a firm result.
Data comes just one day before nonfarm payroll numbers for December are released. Latest estimates call for a slight gain to 150,000 jobs, from 146,000 reported in November.
Earlier today, ADP said the U.S. added about 215,000 jobs in December, outpacing expectations calling for the addition of 140,000 jobs.
U.S. markets are lower early Thursday.
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