US: Initial Jobless Claims rose to 339K

FXStreet (Edinburgh) - According to the Labour Department, the Americans that filed in their first initial claims for regular state unemployment-insurance benefits rose by 8K last week to a seasonally adjusted 339K in the week ended February 7, missing expectations at 330K and coming from 331K (revised from 331K) in the previous print. Continuing claims, which reflect people already receiving benefits, decreased by 18K to a seasonally adjusted 2.953 million in the week ended January 31 vs. 2.971 million in the previous week (revised).