Unemployment climbs to 744,000 new applications


The number of first applications for unemployment benefit in the United States increased unexpectedly in the week ending 3 April. This was shown on Thursday by the figures of the US Department of Labor.

The number of new applications for unemployment benefit increased by 16,000 to 744,000. In addition, the figure from a week earlier was revised upwards by 9,000 to 728,000.

Economists had anticipated a decrease to 694,000 new applications.

The four-week moving average, which is generally less volatile, was 723,750 applications. That’s 2,500 over a week earlier. The number of extended aid applications in the week ending 27 March was 3,734 million applications, a decrease of 16,000 applications.

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