Jobless Claims in U.S. Increase to Highest Level in Five Weeks

Applications for U.S. unemployment benefits increased to a five-week high, a sign that progress in the strongest part of the economy may be moderating.

Jobless claims rose by 17,000 to 274,000 in the week ended April 30, a Labor Department report showed Thursday. The median forecast in a Bloomberg survey was 260,000. The jump was the largest since January 2015.