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U.S. Weekly Jobless Claims Unexpectedly Climb To 242,000
(RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly increased in the week ended December 7th, according to a report released by the Labor Department on Thursday.
The report said initial jobless claims climbed to 242,000, an increase of 17,000 from the previous week's revised level of 225,000.
Economists had expected jobless claims to dip to 220,000 from the 224,000 originally reported for the previous week.
The Labor Department said the less volatile four-week moving average also rose to 224,250, an increase of 5,750 from the previous week's revised average of 218,500.
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A report released by the Commerce Department on Tuesday showed construction spending in the U.S. unexpectedly edged slightly lower in the month of July. The Commerce Department said construction spending slipped by 0.1 percent to an annual rate of $2.139 trillion in July after falling by 0.4 to a revised rate of $2.141 trillion in June.
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U.S. PCE Price Index Increased In Line With Estimates In July
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U.S. Pending Home Sales Fall More Than Expected In July
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