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U.S. Weekly Jobless Claims Rise By 8,000 To 312,000

By Kitco News
Thursday June 5, 2014 8:30 AM

(Kitco News) - First-time weekly jobless claims in the U.S. rose by 8,000 to a seasonally adjusted 312,000 during the week to Saturday, the Labor Department said Thursday.

The tally was below the range of consensus expectations compiled by various news organizations for new claims of somewhere between 300,000 and 319,000.

Meanwhile, the four-week moving average for new claims – often viewed as a more reliable measure of the labor market since it smoothens out week-to-week volatility – was down by 2,250 claims to 310,250. This was the lowest level for initial claims since June 2007.

There were no special factors impacting this week's initial claim, the Labor Department said.

By Debbie Carlson dcarlson@kitco.com
Follow me on Twitter @dcarlsonkitco



Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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