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Weekly jobless claims up
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July 15, 1999: 9:01 a.m. ET
About 310,000 file initial unemployment claims, up 11,000 from prior week
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NEW YORK (CNNfn) - About 11,000 more Americans applied for first-time unemployment benefits last week than the week before, the Labor Department said Thursday.
Initial jobless claims rose to 310,000 for the week ended July 10 from a revised figure of 299,000 in the prior week, which was originally reported as 294,000.
The claims were 2,000 above the consensus estimate of 308,000 from economists surveyed by Reuters.
The four-week moving average, which smoothes out week-to-week volatility and is considered a more accurate window onto unemployment trends, edged higher to 303,250 from a revised 300,500 a week earlier.
Continued claims showed the biggest jump. They rose to 2,279,000 for the week ended July 3 from a revised figure of 2,204,000 in the prior week.
Soon after the release of the jobless figures and a report indicating Consumer Price Index, the government's main inflation barometer, remained unchanged in June, the bond market sent the price of the 30-year Treasury up 12/32 of a point, lowering the yield to 5.88 percent. 
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Labor Department
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