US weekly jobless claims total 279,000 vs 277,000 estimate

Jobless claims total 279,000 vs. 277,000 est.
Jobless claims total 279,000 vs. 277,000 est.   

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.

A Labor Department analyst said there was nothing unusual in the state level data.

The four-week moving average of claims, considered a better measure of labor market trends as it irons out week-to-week volatility, increased 3,750 to 278,750 last week.

The government reported last week that nonfarm payrolls increased 280,000 in May after rising 221,000 in April.

Thursday's claims report showed the number of people still receiving benefits after an initial week of aid increased 61,000 to 2.27 million in the week ended May 30.