Xinhua, Washington :
The number of Americans initially applying for unemployment aid in the final week of February jumped to the highest level since May, US Labor Department said Thursday.
In the week ending Feb. 28, the advance figure of seasonally adjusted initial claims for jobless benefits rose by 7,000 to a 10- month high of 320,000, higher than economists’ expectation of 295, 000, the department said.
Meanwhile, the four-week moving average for new claims, a better measure of the underlying trend of labor market conditions, increased 10,250 to a six-week high of 304,750.
The number of Americans initially applying for unemployment aid in the final week of February jumped to the highest level since May, US Labor Department said Thursday.
In the week ending Feb. 28, the advance figure of seasonally adjusted initial claims for jobless benefits rose by 7,000 to a 10- month high of 320,000, higher than economists’ expectation of 295, 000, the department said.
Meanwhile, the four-week moving average for new claims, a better measure of the underlying trend of labor market conditions, increased 10,250 to a six-week high of 304,750.
