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US jobless claims rise from three-month low

That is the longest such stretch since 1970, when the labor market was smaller

Reuters  |  Washington 

The number of Americans filing for unemployment benefits rebounded from a three-month low last week, but remained below a level consistent with a tightening labor market. Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 244,000 for the week ended July 22, the Labor Department said on Thursday. Data for the prior week was revised to show 1,000 more applications received than previously reported. Economists polled by Reuters had forecast claims rising to 241,000. It was the 125th straight week that claims remained below 300,000, a ...

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First Published: Thu, July 27 2017. 19:18 IST