(ABM FN-Dow Jones) In the week ending May 14, the number of unemployment claims in the United States rose unexpectedly for the first time. This was revealed on Thursday by US Department of Labor figures.
The number of new applications for unemployment benefits has increased by 21,000 to 218,000. One week ago the number was reduced from 6,000 to 197,000.
Economists previously expected 200,000 new applications.
The four-week moving average is low, volatile, with 199,500 applications. This is 8,250 more than a week ago.
The number of extended assistance applications dropped by 1.317 million, down from 25,000 applications in the week ended May 7.
Source: ABM Financial News
From Beursplein 5, the authors ABM Financial News Strictly monitor the progress of the stock markets and especially the Amsterdam Stock Exchange. The information in this column is not for professional investment advice or recommendation for making specific investments.
“Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator.”