Connect with us

Business

Weekly jobless claims higher than expected – CNBC

Jobless claims totaled 744,000 for the week ended April 3, well above the Dow Jones estimate of 694,000 and the previous week’s 728,000.

Published

on

Article feature image

First-time claims for unemployment insurance rose more than expected last week despite other signs of healing in the jobs market, the Labor Department reported Thursday.
First-time claims for the week ended April 3 totaled 744,000, well above the expectation for 694,000 from economists surveyed by Dow Jones. The total represented an increase of 16,000 from the previous week’s upwardly revised 728,000. The four-week moving average edged higher to 723,750.
The news comes a week after a sign of more…

Click here to view the original article.