Economy

U.S. weekly jobless claims show surprise rise to highest level in weeks

0


Initial jobless claims unexpectedly rose last week despite an ongoing recovery in the U.S. employment market, the Labor Department reported Thursday.

First-time filings for unemployment insurance for the week ended June 12 totaled 412,000, compared with the previous week’s 375,000. That was the highest number since May 15.

Economists surveyed by Dow Jones had been expecting 360,000 new claims for last week.

All of the increase essentially came from two states – Pennsylvania saw a gain of 21,590, while California rose 15,712, according to unadjusted data.

The surprise rise in claims follows a series of incremental steps toward normalcy in the payrolls picture. A year ago, the nation was…



Source cnbc.com

0 0 votes
Article Rating

JPMorgan is buying UK robo-advisor Nutmeg

Previous article

There are 3 types of employees. Here’s the rarest—and why they outperform everyone else

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Economy