US jobless claims rise 4,000

The number of US workers signing up for jobless benefits edged up a smaller-than-expected 4,000 in a holiday-shortened week, …

The number of US workers signing up for jobless benefits edged up a smaller-than-expected 4,000 in a holiday-shortened week, a government report showed today.

Initial claims for state unemployment insurance rose to a seasonally adjusted 319,000 for the week ended September 8th, from a downwardly revised 315,000 the prior week, the US Labor Department said.

The Labor Department said there was one less working day to file claims in a week that included the Labor Day holiday.

The four-week moving average for initial claims, which irons out week-to-week volatility, dipped to 324,000 from 325,000.

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The number of unemployed still on the benefit rolls after drawing an initial week of aid fell by 6,000 to 2.585 million, for the week ended September 1st.