Initial US jobless claims rose last week

Initial jobless claims rose to 279,000 last week in the US.

Economists had forecast that claims fell to 275,000 last week, from a revised 277,000 in the prior week, according to Bloomberg.

This marked the 14th straight week that unemployment claims came in below 300,000.

The four-week moving average of claims stands at 278,750 — up from 274,750 in the prior week.

More to come…

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