U.S. Jobless Claims Rise to Four-month High

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The number of Americans filing new claims for unemployment benefits last week increased to the highest level since early September, but the underlying trend continued to point to a strengthening labor market. Initial claims for state unemployment benefits rose by 19,000 to a seasonally adjusted 316,000 for the week ended Jan. The four-week moving average of claims, considered a better measure of labor market trends as it irons out week-to-week volatility, rose by only 6,750 to 298,000 last week. It has remained below 300,000, which is associated with a firming labor market, for 18 weeks. http://yhoo.it/1IDnSyI http://bit.ly/1fJ5yqZ

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