WASHINGTON — Initial jobless claims rose 2,000 to 414,000 on a seasonally adjusted basis for the week ending Sept. 3, the Labor Department reported Thursday.
Continuing claims fell to 3.717 million for the week ending Aug. 27.
Economists expected 405,000 initial claims and 3.720 million continuing claims, according to the median estimate from Thomson Reuters.
The four-week moving average for initial claims was 414,750, up from a revised 411,000. The four-week average for continuing claims was 3.735 million, up from a revised 3.729 million.
Initial claims for the week ending Aug. 27 were revised to 412,000 from 409,000. Continuing claims for the Aug. 20 week were revised to 3.747 million from 3.720 million in last week’s report.