Jobs
US Jobless Claims Hold at Highest Level Since October 2021
- Applications remain unchanged following slight upward revision
- California, New Jersey and Connecticut see biggest increases
This article is for subscribers only.
US unemployment benefit applications were unchanged last week at the highest level since October 2021, suggesting the labor market is cooling somewhat.
Initial jobless claims held at 264,000 in the week ended June 17 after a slight upward revision to the previous week’s figures, according to a Labor Department report released on Thursday. This was above the median forecast of a Bloomberg survey of economists, who estimated 259,000 new claims.