US sees surprise rise in weekly jobless claims, proxy for layoffs
Al Jazeera
The jobs market recovery in the US hit a speed bump as the number of Americans filing for unemployment benefits with states ticked up unexpectedly last week – the first such rise since April.
The jobs market recovery in the United States hit a speed bump as the number of Americans filing for unemployment benefits with states ticked up unexpectedly last week – the first such rise since late April. Weekly jobless claims, a proxy for layoffs, hit 412,000 last week – 37,000 more than the previous week’s revised level of 375,000, the US Bureau of Labor Statistics said on Thursday. Last week’s drift upward broke a six-week streak of falling weekly jobless claims numbers and came as a surprise to many economists who were looking for the downward trend to continue.
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