U.S. Jobless Claims Rise Breaks March Record

U.S. Jobless Claims Rise Breaks March Record

The number of initial jobless claims in the U.S. for the week ended January 9 jumped by 181,000 from a revised previous week to 965,000 claims. As the Labor Department of the country reported on January 14, this weekly increase was the fastest since the end of March.

It should be noted that analysts surveyed by Reuters expected an increase of only 8,000 from the initial level of the previous week, to 795,000. The figure for the week ended Jan. 2 was revised up to 784,000 from 787,000.

In addition, the average number of initial filings over the past four weeks rose 18,25 thousand from the revised figure to 834,25 thousand. The original figure was revised to 816,000 from 818,75 thousand.

The total number of people receiving unemployment benefits in the U.S. for the week ended Jan. 2 rose 199,000 from the previous week to 5.271 million.

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