US Weekly Jobless Claims Rise Marginally to 199000
US initial jobless claims rose slightly by 1000 to 199000 last week. The steady reading indicates a low hire and low fire labor market amid ongoing economic headwinds.
Initial claims for unemployment benefits in the United States rose 1,000 to a seasonally adjusted 199,000 for the week ended October 10. The Labor Department reported the minor increase on Thursday morning. The latest filing figures mark the fifth consecutive week claims remained below the 200,000 threshold.
