Labor Dept. shows surprise increase in new unemployment claims

After weeks of steady declines, the number of workers in the United States who have filed new unemployment claims has again surpassed 400,000, the Labor Department said in its weekly report Thursday.

The report said there were about 419,000 initial claims last week, well off most analysts’ estimates and the most for any week since May 15.

Most economists expected about 350,000 new claims.

Thursday’s report also revised up the previous week’s claims by 8,000.

Read Full Story
UPI Rating

Share this:

Leave a Reply

%d bloggers like this: