- Reuters/Jason Reed
Initial jobless claims rose more than expected.
Claims rose by 22,000 to 259,000.
Economists had expected claims to tick up to 247,000, according to the Bloomberg consensus.
Claims have been below 300,000 for 99 straight weeks.
Moreover, the four-week moving average came in a 245,000, a decrease of 2,000 from the previous week’s revised average, and the lowest level since November 3, 1973.