U.S. Weekly Jobless Claims Rebound More Than Expected
(RTTNews) - A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing an uptick by first-time claims for U.S. unemployment benefits in the week ended September 28th.
The report said initial jobless claims rose to 225,000 last week, an increase of 6,000 from the previous week's revised level of 219,000.
Economists had expected jobless claims to inch up to 220,000 from the 218,000 originally reported for the previous week.
The bigger than expected rebound came a week after jobless claims fell to their lowest level since hitting 216,000 in the week ended May 18th.
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