The number of Americans filing for state unemployment benefits increased by 5,000 to a seasonally adjusted 218,000 last week.

Labor Department data released Thursday also revised up the previous week by 1,000 to 213,000.

Economists had forecast a rise to 215,000.

Jobless claims can be volatile. To get a better gauge of the health of the labor market, economists look to the four-week moving average of claims, which smooths out the lumpiness of weekly claims. This fell by 500 last week to 214,750.

Source Link:
https://www.breitbart.com/economy/2019/10/31/jobless-claims-creep-up-to-218000/

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