Jobless Claims in U.S. Rose More Than Forecast Last Week
U.S. Jobless Claims Jump to an Eight-Week High
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Filings for U.S. unemployment benefits rose more than forecast to an eight-week high, representing a pause in a trend of more muted firings.
Jobless claims increased by 12,000 to 282,000 in the week ended Aug. 29, a Labor Department report showed Thursday. The median forecast in a Bloomberg survey called for 275,000 new applications. The start of a new school year, which differs from state to state, may introduce a period of volatility in the data as such calendar events are difficult to seasonally adjust, according to a Labor Department spokesman.