U.S. Jobless Claims Rose Last Week
24 January 2020 - 1:00AM
Dow Jones News
By Amara Omeokwe and David Harrison
WASHINGTON--The number of Americans applying for first-time
unemployment benefits increased last week, the Labor Department
said Thursday. Here are the report's takeaways:
--Initial jobless claims rose by 6,000 in the week ended Jan. 18
to a seasonally adjusted 211,000. Economists surveyed by The Wall
Street Journal expected 215,000 new jobless claims.
--Claims for the week ended Jan. 11 were revised up to 205,000
from 204,000.
--Jobless claims are volatile week-to-week. The four-week moving
average, which smoothes those variations, fell to 213,250 last
week.
--Continuing claims, those filed by workers unemployed for
longer than a week, were down by 37,000 to 1.731 million in the
week ended Jan. 11. Continuing claims are reported with a one-week
lag.
The Labor Department report on jobless claims can be accessed
at: http://www.dol.gov/opa/media/press/eta/ui/current.htm.
(END) Dow Jones Newswires
January 23, 2020 08:45 ET (13:45 GMT)
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