Monexnews-the number of u.s. citizens applying for unemployment benefits surged 20,000 new be 362,000 in the week ending on February 16 and then, according to the U.S. Labor Department reports.
Those results were worse than expectations of a rise of 355.000 economists. The previous week's figure also was revised up from a thin 342.000 341.000 prior publication. However, the increase in the claims still indicated a slow but steady growth in the U.S. labor market.
Some analysts have argued if the federal holiday on Monday and may have affected the calculations, that makes data from four States, including California and Virginia, could not be finished on time and had to use estimation.
While the average new claims in four weeks, which is considered more accurately depicts the U.S. labor market trends, rose by 8,000 to the highest level since the beginning of the year 2013 be 360.750. (vid)
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