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US jobless claims rise modestly as labour market tightens

The number of Americans filing for unemployment benefits increased less than expected last week

Reuters  |  Washington 

The number of Americans filing for unemployment benefits increased less than expected last week, suggesting the labour market continued to tighten after recent hurricane-related disruptions. Other data on Thursday showed the goods trade deficit widened in September as an increase in exports was outpaced by a jump in imports. Labor market strength supports the view that the Federal Reserve will raise interest rates in December. Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 233,000 for the week ended Oct. 21, the Labor Department said. ...

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First Published: Thu, October 26 2017. 20:17 IST
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