The Labor Department released the weekly unemployment insurance report that found claims rose by 10,000 to 247,000 for the week ending January 7.
The final Labor Department jobs report under President Barack Obama finds the U.S. economy added a below average 156,000 jobs and unemployment ticked up.
The ADP National Employment Report by 153,000 people were added to private sector payrolls in December, missing the estimate for 170,000.
New data show if allow the private sector a bit of freedom–or, give the economy breathing room–then living standards will improve for most people.
The Labor Department reported weekly jobless claims rose by 21,000 to 275,000 for the week ending December 17, far higher than the 256,000 estimate.
The process of creative destruction incurred job losses, but it also led to new technologies, competitors and products. The net effect: we are much richer.
The Labor Department said weekly jobless claims fell by 4,000 to 254,000 for the week ending December 10, lower than the forecast anticipating 255,000.
At Trump Tower, SoftBank Group Corp. Chairman and Chief Executive Masayoshi Son pledged he would invest $50 billion in the U.S. and create 50,000 new jobs.
The ADP National Employment Report released Wednesday show 216,000 people were added to private sector payrolls in November, topping the median forecast.