US Unemployment Claims Increased
US jobless claims has bounced from around 45-year minimum. Still, the number suggests tightening labor market as claims remained under the 300,000 level for 154th continuous weeks. That is, the Labor Department reported, that last week initial fillings for state jobless pensions rose 7,000 to a seasonally adjusted 230,000. The 4-week moving average of initial fillings grew 3,500 to 228,500.
The amount of people getting benefits is up 15,000 to 1.94 million. The 4-week moving average of continuing claims reduced 5,750 to 1.94M. A month ago, claims declined to the minimum of 216,000. Full employment remains achievable as the jobless rate is at its 17-year minimum at 4.1%.