The number of Americans filing new claims for unemployment benefits rose higher than expected last week to the highest level in nine months.
Initial claims increased by 22,000 to 231,000 in the week ended May 4, according to Labor Department data released today, May 9, after stabilizing in the previous week.
Economists polled by the Wall Street Journal had estimated that new claims would rise to 214,000.
|
Weekly US Jobless Claims |
||||
|
Item |
Last Year |
Previous Week |
Latest Week |
Change |
|
Initial Claims (‘000) |
225 |
209 |
231 |
+22 |
|
Four-Week Average (‘000) |
218 |
210.25 |
215 |
+4.75 |
|
Total Beneficiaries (mln) |
1.706 |
1.768 |
1.785 |
+0.017 |
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