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9/16, 2:30 PM (Source: TeleTrader)
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US initial jobless claims up 20,000 to 332,000

The number of initial jobless claims in the United States for the week ending September 10 increased 20,000 compared to the previous week's revised level to reach 332,000, the US Labor Department reported on Thursday. The figure is higher than analysts predicted it would be.

The previous week's level was revised upwards by 2,000 and now stands at 312,000. The 4-week moving average stood at 335,750 representing a week-over-week decline of 4,250. This marks the first time in five weeks that the number of initial jobless claims went up.

For the week ending September 4, the advance seasonally adjusted insured unemployment rate lost 0.2 percentage points from the previous week's revised rate to fall to 1.9%. Insured unemployment in the same week also saw its numbers go down, dropping 187,000 from the previous week's revised level to 2,665,000.

Breaking the News / OL