US Weekly Initial Unemployment Claims at 870,000 Last Week... Exceeding Expectations

[Asia Economy Reporter Seulgina Jo] The number of new unemployment claims in the United States slightly increased.

On the 24th (local time), the U.S. Department of Labor announced that the number of new unemployment claims last week was 870,000. This figure is higher than the previous week's 860,000. It also far exceeded the expert forecast of 840,000 compiled by Bloomberg News and others. However, it remained below one million for the fourth consecutive week.

The number of unemployment claims for the week ending on the 12th had recorded 860,000, a 3.7% decrease from the previous week. The revised figure released on this day increased to 866,000.