Jobless Claims in U.S. Rise to Four-Week High
- Claims rose by 14,000 to 257,000; forecast was for 245,000
- Prior week’s reading was revised to 243,000 from 244,000
An employee welds together a frame for a sports utility vehicle (SUV) during production at the General Motors Co. (GM) assembly plant in Arlington, Texas, U.S., on Thursday, March 10, 2016. The U.S. Census Bureau is scheduled to release business inventories figures on March 15.
Photographer: Matthew Busch/Bloomberg via Getty ImagesThis article is for subscribers only.
Filings for U.S. unemployment benefits rose to a four-week high last week, interrupting a run of subdued firings, a Labor Department report showed Thursday.
Even with the increase, unemployment filings remain at a relatively low level and are on par with the 1970s, with employers more focused on adding and retaining workers than on firing them in a tight job market. An unusually late Easter holiday this year might have affected the data in recent weeks.