Washington, Dec 30 (SocialNews.XYZ) US initial claims for unemployment benefits rose last week, a signal that the tight labour market could be softening.
Initial jobless claims climbed by 9,000 to 225,000, according to data published on Thursday by the US Labour Department.
Economists surveyed by The Wall Street Journal had predicted that new claims would increase 7,000 to 223,000, after claims grew 2,000 to 216,000 in the previous week, Xinhua news agency reported.
The number of individuals collecting unemployment increased to 1.71 million, the highest level since February.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz