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


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 –…

Source cnbc.com

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