The number of Americans filing for first-time jobless benefits unexpectedly rose last week.
The Labor Department said Thursday that 351,000 Americans filed for first-time unemployment benefits in the week ended Sept. 18, an increase from the previous week’s upwardly revised 335,000 filings. Analysts surveyed by Refinitiv were expecting 320,00 new filings.
"Despite the rise, claims are still near a pandemic-era low," said Chris Giamo, head of commercial banking at TD Bank.
Continuing claims for the week ended Sept. 11 jumped to 2.845 million, worse than the 2.65 million that analysts were expecting. The prior week’s reading was revised higher by 49,000 to 2.714 million filings. ... Read More: FOX Business