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Economic Report: Jobless claims rise to one-month high

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The fewest layoffs and lowest unemployment rate in decades is keeping the U.S economy motoring along.

The numbers: The number of jobless workers who applied for unemployment benefits last week rose to a one-month high, but the level of layoffs in the U.S. remained extremely low.

Initial jobless claims rose by 6,000 to 229,000 in the seven days ended March 9, the government said Thursday. Economists polled by MarketWatch had forecast a 225,000 reading.

The four-week average of new jobless claims, on the other hand, fell by 2,500 to 223,750. The monthly average is viewed as more stable since it smoothens out the weekly gyrations.

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