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But the four-week moving average for new claims, considered to be a better gauge of underlying trends, fell to the lowest level since late January.
However, the four-week moving average, a better gauge of underlying labor trends, hit the lowest level since September 2008, the Labor Department said.
But the markets focussed on the four-week moving average for new claims, considered to be a better gauge of underlying trends, which fell to the lowest level since late January.
The four-week average of new jobless claims, a better gauge of underlying labor trends because it irons out week-to-week volatility, rose to 482,500 from 474,250 the week before.
The four-week average of new jobless claims, a better gauge of underlying labor trends because it irons out week-to-week volatility, increased to 558,000 from 544,250 the week before.
Core inflation — a measure that excludes volatile food and energy prices, and is widely considered a better gauge of underlying trends than the headline number — is running at just 0.6 percent, the lowest level ever recorded.
Similar(49)
Workers in the United States have learned that the stock market's performance is not always a good gauge of the underlying economy's strength.
"There is a lot of underlying interest.
Influence of underlying malignancy.
The sense of underlying outrage was palpable.
Be aware of underlying medical causes.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com