Initial jobless claims unexpectedly jumped

Initial jobless claims unexpectedly jumped.

Claims came in at 269,000, compared to economists' forecasts of claims falling to 265,000.

Last week, claims rose more than expected to 266,000.

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Still, on the positive side, weekly claims have not risen above 300,000 for the last 74 weeks — the longest streak in 43 years.

The four-week moving average was 260,250, an increase of 3,750 from the previous week's unrevised average of 256,500.

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Initial jobless claims rise more than expected