Unemployment claims in the US rose more than expected last week

The number of Americans seeking unemployment benefits has increased more than expected last week, but the trend continues to predict a stronger labor market.

The US Department of Labor announced Thursday that the new claims for unemployment benefits granted by the government increased from 9,000 claims to a revised level in light of seasonal factors, or 220,000 claims for the week ending 10 August. Data from the previous week have been revised to indicate an increase in the number of requests from the advertiser of 2,000 previously.

Economists polled by Reuters expected the number of applications to reach 214,000 last week.

The four-week moving average, which is a more accurate indicator of the labor market, as it excludes weekly volatility, rose by 1,000 requests to 213,750 requests last week.

There is no indication that the fierce trade war between the United States and China, which has contributed to the reversal of the US Treasury yield curve, is affecting the labor market.

Despite the slowdown in employment, the pace of employment growth has remained above the level of about 100,000 jobs needed per month to keep pace with the growth of the working-age population. .