Initial U.S. unemployment claims rise modestly in latest week
Unemployment claims rose by 13,000 over the week ending on October 15 to reach 260,000, according to the Department of Labor.
Economists at Barclays Research had anticipated a 1,000 person dip to 245,000. The prior week's estimate was revised higher by 1,000 to 247,000. The four-week moving average edged up by 2,250 to 251,750.
Secondary unemployment claims, those which are not filed for the first time and referencing the week ending on 8 October were up by 7,000 to 2.057m. ■