More Americans Than Forecast Filed Jobless Claims Last Week
Jobless claims climbed by 15,000 to 297,000 in the week ended July 4, a Labor Department report showed today in Washington.
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More Americans than forecast filed for unemployment benefits last week, representing a pause in the pace of labor-market improvement.
Jobless claims climbed by 15,000 to 297,000 in the period ended July 4, the highest since February, a Labor Department report showed Thursday in Washington. The median forecast of economists surveyed by Bloomberg projected 275,000 applications. The data can be volatile this time of year because of the Fourth of July holiday and temporary shutdowns of auto plants to prepare for the production of new models.