Jobless Claims in U.S. Rise to Four-Week High

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Jobless Claims in U.S. Rise to Four-Week High
Bloomberg (01/26/17) Patricia Laya

The number of people applying for unemployment benefits rose by 22,000 to a four-week high of 259,000 in the period ended Jan. 21, which included the Martin Luther King Jr. holiday, according to the U.S. Department of Labor. Economists surveyed by Bloomberg had forecast claims of 247,000. Jobless claims have remained below 300,000 for 99 consecutive weeks, the longest streak since 1970 and a threshold economists say is indicative of a healthy labor market. The four-week average of claims fell 2,000 to 245,500.

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