WASHINGTON-The number of Americans applying for first-time unemployment benefits jumped to the highest level in more than two years a week after recording one of the lowest levels in a half century, the Labor Department said Thursday.
Jobless claims rose by 49,000 to 252,000 in the week ended December 7, Labor Department data showed Thursday. This marked the highest level for claims since 30 September 2017, when it was 257,000.
Man Utd boss Solskjaer: Pogba not ready for AZ
Solskjaer also spoke about the need for consistency from his team, after big recent wins over City and José Mourinho's Spurs. The Norwegian has confirmed that Nemanja Matic and Phil Jones are fit, although this game comes too soon for Paul Pogba .
The jobless claims tally sees large swings from week to week but can be used to gauge the prevalence of layoffs and the health of the labor market.
Continuing claims, reported with a one-week lag, decreased by 31,000 in the week ended November 30 to bring the four-week moving average for the measure to two-month low.The unemployment rate among people eligible for jobless benefits held at 1.2%.Economists surveyed by Bloomberg had projected 214,000 new claims in the latest week.
Global Building Antifreeze Market Insights 2019
Part 13, 14 and 15: Internet of Things Insurance sales channel, distributors, traders, dealers, Research Findings and Conclusion. Moreover, the impact analysis of the latest mergers and acquisition and joint ventures has been included in the report.
Meanwhile, the four-week moving average came in at 224,000, up 6,250 from the previous week's level.
The tightening labor market increases the likelihood they will move this month, especially in light of recent inflation data: the Fed's preferred measure of inflation, released Wednesday, rose to a almost four-year high, just below the Fed's two percent target. "It's hard to enough to adjust monthly data, but weekly data around holidays which fall on different days of the week each year are impossible to adjust reliably". The four-week average continues to trend near a 50-year low. The unemployment rate fell back to 3.5 per cent, the lowest in almost half a century.
Controversial laureate: Kosovo declares Nobel laureate Handke 'persona non grata'
Ambassadors of Albania , Bosnia , Croatia , North Macedonia, and Turkey also stayed away from the Stockholm event. The sore Erdogan asserted that awarding such a "killer" amounts to complicity in the oppression.
The number of people already collecting unemployment benefits beyond the initial week fell by 31,000 to 1.67 million.