Jobless claims increased more than expected last week, reflecting a jump in California that otherwise masked steady progress in the U.S. labor market. Initial applications for unemployment benefits climbed 13,000 to a one-month high of 277,000 in the week ended June 11, a report from the Labor Department showed Thursday. The median forecast of economists surveyed by Bloomberg called for 270,000.
Before it's here, it's on the Bloomberg Terminal. LEARN MORE