Jobless claims rise more than expected
Number of Americans filing for unemployment benefits edges above forecasts to 320,000.
September 1, 2005: 8:39 AM EDT
NEW YORK (CNN/Money) - The number of Americans making new claims for jobless benefits edged higher last week, the government said Thursday.
Initial jobless claims rose to 320,000 in the week ended Aug. 25 from an upwardly revised reading of 317,000 in the week before, the Labor Department said.
The reading came in above the 315,000 figure economists surveyed by Briefing.com had expected.
Stock futures turned slightly higher on the report.
The four-week moving average was 316,750, an increase of 1,250 from the previous week's revised average of 315,500, according to the report.