The Traderszone Network

Published in TZ Latest News 1 October, 2015 by The TZ Newswire Staff

U.S. jobless claims rise modestly, still point to firming labor market

The number of new applications for U.S. jobless benefits rose modestly last week and a gauge of the trend in claims fell, pointing to ongoing tightening in the labor market that could push the Federal Reserve to raise interest rates. Initial claims for state unemployment benefits rose 10,000 to a seasonally adjusted 277,000 for the week ended Sept. 26, the Labor Department said on Thursday. It was the 30th straight week that claims remained below the 300,000 threshold, which is usually associated with a strengthening labor market.