The applications for jobless benefits in the U.S. rose more than expected for the week ended Feb. 12, following a drop in the past two weeks.
Initial jobless claims in increased by 25,000 to 410,000 compared with the revised figure of 385,000 in the previous week, the Labor Department said on Thursday.
Markets had expected the jobless claims to rise 403,000 in the week. Also, the seasonally adjusted four-week moving average of initial claims, considered as a more accurate measure of employment trends than the weekly number, increased by 1,750 to 417,750.
However, the unemployment rate among people eligible for benefits remained unchanged at 3.1 percent for the week ending Feb. 5. While Michigan witnessed the largest increase in claims with 2,693 people filing for employment benefits, Florida saw the largest drop in claims at 4,542.
Overall, the number of people receiving jobless allowance from state and federal governments stood at 9.25 million in the week ended Jan. 29, down 108,468 from the prior week.