WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rose for a third straight week last week, but that likely does not suggest a material shift in labor market conditions as data for several states, including California, were estimated.
Initial claims for state unemployment benefits increased 3,000 to a seasonally adjusted 250,000 for the week ended Dec. 30, the Labor Department said on Thursday. Economists polled by Reuters had forecast claims falling to 240,000 in the latest week. Claims tend to be volatile around holidays.
(Reporting by Lucia Mutikani; Editing by Paul Simao and Chizu Nomiyama)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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