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U.S. Weekly Jobless Claims Climb Much More Than Expected
(RTTNews) - First-time claims for U.S. unemployment benefits increased by much more than expected in the week ended June 3rd, according to a report released by the Labor Department on Thursday.
The report said initial jobless claims climbed to 261,000, an increase of 28,000 from the previous week's revised level of 233,000.
Economists had expected jobless claims to inch up to 235,000 from the 232,000 originally reported for the previous week.
With the much bigger than expected advance, jobless claims reached their highest level since hitting 264,000 in the week ended October 30, 2021.
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U.S. Employment Jumps By 147,000 Jobs In June, More Than Expected
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U.S. Trade Deficit Widens Slightly More Than Expected In May
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U.S. Weekly Jobless Claims Unexpectedly Dip To 233,000
The Labor Department released a report on Thursday showing an unexpected decrease by first-time claims for U.S. unemployment benefits in the week ended June 28th.
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U.S. Employment Jumps By More Than Expected In June
A closely watched report released by the Labor Department on Thursday showed employment in the U.S. increased by more than expected in the month of June.
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