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U.S. weekly initial jobless claims rise 8,000 to 308,000


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WASHINGTON (MarketWatch) -- The number of newly laid-off workers filing claims for unemployment benefits rose by 8,000 to 308,000 in the latest week, the Labor Department said Thursday. Continuing unemployment claims rose by 3,000 to 2.45 million. The four-week average of initial claims, which smoothes out weekly events like strikes and distortions in the data, fell by 2,750 to 305,250. This marked the lowest level since the week ended Feb. 25. The four-week average of continuing claims rose by 4,000, to 2.44 million, in the week ended Oct. 14.

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