The number of Americans filing new claims for jobless benefits was
unchanged last week, pointing to a labor market that was treading water.
Initial claims for state unemployment benefits were a seasonally adjusted 374,000, the Labor Department said on Thursday. The prior week's figure was revised up to show 2,000 more applications than previously reported.
Initial claims for state unemployment benefits were a seasonally adjusted 374,000, the Labor Department said on Thursday. The prior week's figure was revised up to show 2,000 more applications than previously reported.
In
a separate report, consumer spending rose 0.4 percent in July, the best
showing in five months and ahead of the 0.3 percent income gain.
Economists
polled by Reuters had forecast claims dipping to 370,000 last week. The
four-week moving average for new claims, a better measure of labor
market trends, rose 1,500 to 370,250.
Jobless
claims have risen by 10,000 in August, suggesting some moderation in
the pace of job growth this month after payrolls increased 163,000 in
July from 64,000 in June.
The
state of the labor market, particularly the unemployment rate, could
determine whether the Federal Reserve will offer additional monetary
stimulus to the economy at its Sept. 12-13 policy meeting.
Read more: http://www.cnbc.com/id/48840584
No comments:
Post a Comment