Extra Individuals filed unemployment claims final week, however the labor market stays wholesome and there are nonetheless comparatively few layoffs.
U.S. functions for jobless advantages rose by 11,000 to 219,000 for the week ending February 1, the Labor Division mentioned Thursday. Analysts had been projecting solely 213,000 new functions.
Weekly functions for jobless advantages are thought of consultant of layoffs.
The four-week common, which softens a number of the weekly volatility, rose by 4,000 to 216,750.
The overall variety of Individuals receiving unemployment advantages for the week of January 25 climbed to 1.89 million, a rise of 36,000 from the earlier week.