Unemployment Claims in the United States increased from 229K to 242K, beating expectations of 240K.
The Labor Department said that jobless claims in the United States for the week ending April 29 amounted to 242,000, an increase of 13,000 compared to the previous week, indicating that the average was 239,250, an increase of 3,500 from the average for the previous week.
The insured unemployment rate was 1.2% for the week ending April 22, which is 0.1 percentage point lower than the previous week. The insured unemployment rate was 1,805,000. While the moving average for 4 weeks was 1 million 828 thousand 250, a decrease of 4500 average for the previous week.
This article was originally published by RT.
