U.S. jobless claims rise, labor market still buoyant

29 Jun by

U.S. jobless claims rise, labor market still buoyant

The number of Americans filing for unemployment benefits edged up last week, but the underlying trend remained consistent with a tight labor market. Initial claims for state unemployment benefits increased 2,000 to a seasonally adjusted 244,000 for the week ended June 24, the Labor Department said on Thursday. Economists polled by Reuters had forecast first-time applications for jobless claims declining to 240,000 in the latest week.

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Source:: https://finance.yahoo.com/news/u-jobless-claims-rise-labor-124412640.html

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