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The number of Americans filing for unemployment benefits reached a four-month high, according to Department of Labor data released on June 4.
Initial jobless claims increased by 13,000 to 225,000 for the week ending May 30. This was the highest level since the first week of February, when the U.S. economy was digging out from a severe winter storm.
Economists had forecast a reading of 212,000.
Despite the sharp jump, unemployment claims continue to hover around historically low levels, furthering the low-fire trend of the past two years.
The four-week average, which strips out week-to-week volatility, edged up to nearly 215,000, from the previous week’s downwardly revised 208,250. …
Initial jobless claims increased by 13,000 to 225,000 for the week ending May 30. This was the highest level since the first week of February, when the U.S. economy was digging out from a severe winter storm.
Economists had forecast a reading of 212,000.
Despite the sharp jump, unemployment claims continue to hover around historically low levels, furthering the low-fire trend of the past two years.
The four-week average, which strips out week-to-week volatility, edged up to nearly 215,000, from the previous week’s downwardly revised 208,250. …
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