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US Jobless Claims Rose Last Week to Highest Since January

  • Applications for unemployment benefits up to 235,000
  • Four-week moving average higher in 12 of last 13 weeks
Chocolates come out of a machine after receiving a coating at a factory in Brooklyn, New York.
Chocolates come out of a machine after receiving a coating at a factory in Brooklyn, New York.Photographer: Ron Antonelli/Bloomberg
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Applications for US unemployment insurance last week rose slightly to the highest since January, suggesting that the strength in the labor market is moderating.

Initial unemployment claims increased by 4,000 to 235,000 in the week ended July 2, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for 230,000 applications.