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U.S. Weekly Jobless Claims Rise To 313K

By Kitco News
Thursday February 26, 2015 8:30 AM

(Kitco News) - First-time weekly jobless claims in the U.S. rose by 31,000 to a seasonally adjusted 313,000 during the week to Saturday, the Labor Department said Thursday.

The data was above economists' expectations, which according to consensus forecasts were for claims to rise to 288,000. Last week's claims were revised down by 1,000 to 282,000.

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 11,500 claims to 294,500.

Continuing jobless claims, the number of people already receiving benefits and reported with a one-week delay, fell by 21,000 to a seasonally adjusted 2.4 million during the week ending Feb. 14.

By Neils Christensen of Kitco News nchristensen@kitco.com



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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