Economics
U.S. Jobless Claims Rose Last Week for First Time Since April
- Jump concentrated in Pennsylvania, California and Kentucky
- Increase interrupts string of declines that began in April
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Applications for U.S. state unemployment insurance rose slightly for the first time since late April, likely a temporary blip for a labor market that’s otherwise improving as the economy reopens.
Initial claims in regular state programs increased by 37,000 to 412,000 in the week ended June 12, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for 360,000 applications.