Initial jobless claims rise less than forecast
Initial jobless claims increased by 10,000 to 255,000 last week, according to the Department of Labor.
Economists had forecast that first-time filings for unemployment insurance totaled 255,000, according to Bloomberg. The prior week's print was revised up by 2,000 to 235,000.
This was the 97th straight week that claims did not top 300,000.
Economists point to the low levels of initial and continuing claims — not seen since the 1970s — as signs of steadiness in
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