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U.S. Weekly Jobless Claims Rise By 2,000 To 315,000

By Kitco News
Thursday July 3, 2014 8:30 AM

(Kitco News) - First-time weekly jobless claims in the U.S. rose by 2,000 to a seasonally adjusted 315,000 during the week to Saturday, the Labor Department said Thursday.

The tally was in the middle of consensus expectations compiled by various news organizations for new claims of somewhere between 305,000 and 325,000.

The government revised up the prior week’s tally for initial jobless claims to 313,000 from the originally reported 312,000.

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 up by 500 claims to 315,000.

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

By Debbie Carlson of Kitco News; 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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U.S. Weekly Jobless Claims Rise By 2,000 To 315,000

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