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Ahead of the Bell: US Unemployment Benefits
The number of Americans seeking unemployment benefits likely rose last week, reversing much of a sharp decline the previous week that most economists said resulted from technical factors. Economists forecast that weekly applications increased 26,000 to a seasonally adjusted 365,000, according to a survey by FactSet. The Labor Department will release the report at 8:30 a.m. EDT Thursday. Weekly applications plunged 30,000 to 339,000 in the previous week, the lowest level in four and a half years. But a Labor Department spokesman cautioned that the weekly applications can be volatile, particularly at the start of a ... (full story)
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