U.S. jobless claims up last week

The number of Americans filing new claims for unemployment benefits rose last week, but the underlying trend remained consistent with a firming labour market.

Initial claims for state unemployment benefits increased 17,000 to a seasonally adjusted 283,000 for the week ended Oct. 18, the U.S. Labor Department said on Thursday.

Claims had declined for three straight weeks and last week's increase was in line with economists' expectations.

The four-week moving average of claims, considered a better measure of labour market trends as it irons out week-to-week volatility, fell 18,260 to 281,000, the lowest level since May 2000.

A department analyst said there were no special factors influencing the state level data.

The claims data covered the week during which the government surveys businesses for October's non-farm payrolls. The four-week average fell 18,750 between the September and October survey periods, suggesting another month of solid employment gains.

Payrolls increased by 248,000 last month and the unemployment rate fell below 6% for the first time since July 2008.

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