Jobs
US Jobless Claims Pick Up for the First Time in Six Weeks
- Applications for unemployment benefits rose to 196,000
- Four-week average fell to 189,250, the lowest since late April
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Applications for US unemployment benefits rose for the first time in six weeks but remained historically low, underscoring the resilience of the job market despite mounting economic uncertainty.
Initial unemployment claims rose by 13,000 to 196,000 in the week ended Feb. 4, Labor Department data showed Thursday. The median forecast in a Bloomberg survey of economists called for 190,000 applications.