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The number of Americans filing for state unemployment benefits climbed above economists’ expectations, jumping last week to the highest level since February.
Initial jobless claims rose by 4,000 to 229,000 for the week ending on June 6, according to new Department of Labor figures released on June 11.
This was firmly above the consensus forecast of 219,000.
Weekly claims typically rise at this time of the year as various states permit non-teaching staff to file for unemployment benefits during the summer holiday.
The four-week average, which strips out week-to-week volatility, edged higher to 219,000. This is still hovering around historically low levels, marking the job market’s low-fire climate….
Initial jobless claims rose by 4,000 to 229,000 for the week ending on June 6, according to new Department of Labor figures released on June 11.
This was firmly above the consensus forecast of 219,000.
Weekly claims typically rise at this time of the year as various states permit non-teaching staff to file for unemployment benefits during the summer holiday.
The four-week average, which strips out week-to-week volatility, edged higher to 219,000. This is still hovering around historically low levels, marking the job market’s low-fire climate….
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