Jobless claims edge higher last week after 7-month low the week prior

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The number of Americans applying for unemployment benefits last week ticked up modestly after falling to the lowest level in seven months the week before, the Associated Press reports.

U.S. applications for jobless claims rose by 3,000 to 220,000 for the week ending Sept. 9, according to the Labor Department today. The four-week moving average of claims, a less volatile measure, fell by 5,000 to 224,500.

Jobless claim applications are seen as representative of the number of layoffs in a given week.

Overall, 1.69 million people were collecting unemployment benefits the week that ended Sept. 2, about 4,000 more than the previous week.

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