U.S. Initial Jobless Claims Rise by 25,000 to 584,000

WASHINGTON (Reuters) – The number of U.S. workers filing new claims for unemployment benefits rose slightly more than expected last week, but the number of workers staying on jobless roles fell to the lowest in three months, government data showed on Thursday.

Initial claims for state unemployment insurance benefits rose 25,000 to a seasonally adjusted 584,000 [...]

Jobless Claims Plunge

WASHINGTON (Reuters) – The number of U.S. workers filing new claims for jobless benefits fell sharply last week but the data was distorted by an unusual pattern of layoffs in the automotive industry, which amplified the decline.
Jim Iuorio, of TJM Institutional Services, and CNBC’s Rick Santelli share their analysis of Thursday’s weekly jobless claims data.