U.S. Initial Jobless Claims Increase More Than Forecast: Chartby
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.