Economics
US Jobless Claims Rise to Highest Since November in Holiday Week
- Applications for unemployment led by a big jump in New York
- Layoffs increasing from companies like Google, Microsoft
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Applications for US state unemployment insurance rose to the highest level since November during the week that included the July 4th holiday, led by a big jump in New York.
Initial unemployment claims increased by 9,000 to 244,000 in the week ended July 9, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for 235,000 applications.