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The number of Americans filing for unemployment benefits rose to a two-month high.
For the week ending April 4, initial jobless claims jumped by 16,000 to 219,000, according to new Department of Labor data released on April 9.
This is up from the previous week’s upwardly revised 203,000 and higher than the consensus estimate of 210,000.
The four-week average, which strips out week-to-week volatility, ticked up to 209,500.
Weekly claims are still firmly below the elevated readings in the second half of last year and remain hovering around historically low levels.
Various economic indicators suggest that employment conditions have improved as of late, even as the labor market remains in a low-fire, low-hire state….
For the week ending April 4, initial jobless claims jumped by 16,000 to 219,000, according to new Department of Labor data released on April 9.
This is up from the previous week’s upwardly revised 203,000 and higher than the consensus estimate of 210,000.
The four-week average, which strips out week-to-week volatility, ticked up to 209,500.
Weekly claims are still firmly below the elevated readings in the second half of last year and remain hovering around historically low levels.
Various economic indicators suggest that employment conditions have improved as of late, even as the labor market remains in a low-fire, low-hire state….
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