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U.S. weekly jobless claims rise to 208K, remain near five-week low

Kitco News

(Kitco News) -Initial weekly U.S. jobless claims rose by 2,000 to a seasonally adjusted 208,000 in the week to Saturday, the Labor Department reported Thursday.

The data was relatively in line with expectations. Consensus expectations compiled by various news organizations had called for initial claims to be around 210,000. The government revised the prior week's numbers up by 2,000, to 206,000 claims.

Meanwhile, the four-week moving average for new claims – often viewed as a more reliable measure of the labor market as it smoothens out week-to-week volatility – fell by 750 claims to 212,250.

Continuing jobless claims, the number of people already receiving benefits and reported with a one-week delay, decreased by 13,000 to a seasonally adjusted 1.66 million, during the week ending Sept. 7, the government said.

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