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- October 17, 202613°
- BIST10011,722-2.89%
- USD49.45+0.05%
- EUR55.62+0.37%
- GOLD4,181.10+0.26%
- INTEREST37.00%-1.00
- BITCOIN81,438-0.08%
- October 17, 202613°
U.S. weekly jobless claims rise to 199,000, in line with expectations
The number of people in the U.S. filing initial claims for unemployment benefits rose by 1,000 to 199,000 last week, meeting market expectations. Nonfarm payrolls increased by 29,000 in September, below expectations, while the unemployment rate rose to 4.2%.
The number of people in the U.S. filing initial claims for unemployment benefits rose by 1,000 to 199,000 last week. The weekly claims figure was therefore in line with market expectations.
According to data released Thursday by the U.S. Department of Labor, the previous week's claims were revised from 197,000 to 198,000.
Four-week average of claims increases
The four-week average, which smooths out weekly volatility, rose by 250 to 198,500 in the week ended Oct. 10. The average for the previous week was revised to 198,250.
Continuing claims decline
Continuing claims, which show the number of people still receiving unemployment benefits, fell by 4,000 to 1.71 million in the week ended Oct. 3. Data for the previous week was also revised from 1.714 million to 1.712 million.
The four-week average of continuing claims fell by 1,750 to 1,708,750. The seasonally adjusted insured unemployment rate remained at 1.1% for the week ended Oct. 3.
September employment falls short of expectations
Nonfarm employment in the U.S. economy increased by 29,000 in September. The increase fell short of the 90,000 expected.
During the same period, the unemployment rate rose to 4.2% from 4.1% in August.
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