Job­less Claims Ex­ceeded Es­ti­mates in Lat­est Week

The Bond Buyer - - Market News -

Ini­tial job­less claims rose by 11,000 to 261,000 in the Jan. 6 week, well ahead of the 245,000 level ex­pected and above the re­cent trend.

Claims tend to be volatile around the hol­i­days due to the move­ments of sea­sonal work­ers, so an­a­lysts tend to view them cau­tiously. The four-week mov­ing av­er­age rose for the fourth straight week to 250,750 and are likely to rise again next week as the re­cent low level of 225,000 in the Dec. 9 week drops out.

Con­tin­u­ing claims fell by 35,000 to 1.867 mil­lion in the Dec. 30 week, a new 44-year low, in­di­cat­ing that la­bor markets re­main tight and that work­ers are find­ing jobs fairly quickly.

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