Economics
U.S. Initial Jobless Claims Rise Again, Led by California
- State posts significant gains for a second straight week
- Nationwide unemployment claims rose for a third week in a row
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Applications for U.S. state unemployment benefits unexpectedly rose for a third straight week, led by another surge in California, and reflecting choppiness in weekly data.
Initial unemployment claims in regular state programs rose to 362,000 in the week ended Sept. 25, a seven-week high, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for a decrease to 330,000 new applications.