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Jobless claims edge higher
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March 11, 1999: 8:59 a.m. ET
Initial weekly claims rise to 289,000; 4-week average also slightly higher
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NEW YORK (CNNfn) - The latest employment figures paint a barely changed picture of the U.S. labor market, with jobless claims up for the week ending March 6, the Labor Department reported Thursday.
Initial claims climbed 1,000 to 289,000 from a revised 288,000 for the prior week, but still were below the 290,000 forecast by economists.
The four-week moving average of claims jumped 1,250 to 292,250 from a revised 291,000 for the week ended Feb. 27.
Seasonally adjusted continuing unemployment claims for the week ended Feb. 27 stood at 2,189,000, up from 2,187,000 from the previous week. The biggest increase in claims came in the state of New York, where they rose by 9,509; the biggest decrease was in Massachusetts, where claims fell by 3,934.
Treasury prices were slightly higher after Thursday's 8:30 a.m. ET data. The U.S. 30-year bond gained 11/32 for a yield of 5.529 percent. 
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Department of Labor
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