NEW YORK (CNN/Money) - The number of Americans filing for unemployment assistance inched up by 4,000, the government reported Thursday, coming in above economists' estimates.
Initial claims for unemployment insurance rose to 345,000 in the week ended July 24, up from a upwardly revised 341,000 the previous week, the Labor Department reported. Wall Street had expected 340,000 initial claims, according to Briefing.com.
The four-week moving average, which smoothes out weekly fluctuations in the number, came in at 336,250, down from a revised 337,250 the previous week.
Continued claims, or those people already receiving a week of assistance, rose to 2.96 million in the week ended July 17, the latest figures available, from a revised 2.79 million the previous week.