Initial jobless claims come in more than expected
Nov 12, 2015, 19:00 IST
Initial jobless claims totaled 276,000 last week, unchanged from the prior period, and more than expected.
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Economists had estimated that initial jobless claims fell 6,000 to 270,000 last week, according to Bloomberg.
Last week, the four-week moving average of claims, which evens out volatility, rose by 5,000 to 267,750. This is still near a 42-year low.
Pantheon Macroeconomics