Economics
Jobless Claims Rise to Four-Month High as U.S. Auto Plants Pause
U.S. Jobless Claims Climb 15K to 297K
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The number of Americans filing for unemployment benefits rose last week to the highest level since February, representing a pause in the pace of labor-market improvement as the nation’s automakers begin temporary plant shutdowns.
Jobless claims climbed by 15,000 to 297,000 in the period ended July 4, Labor Department data showed Thursday. The motor vehicle-producing states of Michigan and Ohio were among those reporting jumps in new applications.