US Weekly Jobless Claims Rise Above Estimate

The number of Americans filing new claims for unemployment benefits rose slightly more than expected last week, but remained in territory consistent with a strengthening labor market.

Initial claims for state unemployment benefits increased 2,000 to a seasonally adjusted 279,000 for the week ended June 6, the Labor Department said on Thursday.

Claims for the prior week were revised to show 1,000 more applications received than previously reported.

It was the 14th straight week that claims held below the 300,000 threshold, which is usually associated with a firming labor market.

Economists polled by Reuters had forecast claims edging up to 277,000.

via CNBC

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza