US weekly jobless claims rise amid improving market

19 April 2014

Xinhua, Washington :
The number of Americans initially applying for unemployment aid increased last week but still kept at a pre-recession low level as the job market is improving from the cold winter.
In the week ending April 12, the advance figure of seasonally adjusted initial claims for jobless benefits ticked up 2,000 to a seasonally adjusted 304,000, near the lowest level in almost seven years, the US Labor Department said Thursday. The data is better than the average market expectation of 315,000.
Meanwhile, the four-week moving average, which helps smooth out week-to-week volatility, decreased by 4,750 to 312,000 last week, the lowest level since Oct. 6, 2007.

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