Jobless claims rise by 1,000 filings
Jobless claims edged slightly higher for the week ending Jan. 18, rising by 1,000 filings to 326,000 claims, the latest U.S. Department of Labor report found.
Meanwhile, the 4-week moving average hit 331,500 filings, a drop of 3,750 from the previous week’s revised average of 335,250 filings.
"The latest reading for initial claims is definitely a positive," analysts with Econoday said.
"The jobs picture may not be red hot but, based on initial claims, it looks to be improving in January against what is a very easy comparison against a very weak December," Econoday added.