Jobless claims rise again
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August 24, 2000: 8:58 a.m. ET
Number of people filing for benefits stays above critical 300,000 barrier
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NEW YORK (CNNfn) - The number of Americans filing for unemployment benefits rose for the third straight week, to 314,000, last week from a revised 310,000 the prior week, the government reported Thursday.
Economists polled by Briefing.com had forecast U.S. jobless claims of 305,000 for the period.
The four-week moving average of claims, which generally provides a more accurate picture of jobless trends, rose to 299,500 in the Aug. 19 week from a revised 289,250 the prior week, the Labor Department said.
Continued claims rose to 2,102,000 for the Aug. 12 week, the latest data available, from a revised 2,099,000 in the prior period.
Missouri, Illinois and Georgia reported increases in claims greater than 1,000. Missouri said it had more layoffs in the transportation industry; Illinois reported more layoffs in trade, services and manufacturing; Georgia reported more claims in the textile industry.
California and North Carolina reported decreases in claims greater than 2,000. North Carolina said it had fewer layoffs in the construction industry, while California had no comment.
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