Jobs
US Jobless Claims Rise to Two-Month High as Labor Market Cools
- Initial applications unexpectedly jumped to 224,000 last week
- California, New York and Oregon saw the largest gains
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Initial and recurring applications for US unemployment benefits both rose to a two-month high, suggesting some slowdown in the labor market.
Initial claims increased by 9,000 to 224,000 in the week ending Jan. 27, according to Labor Department data released on Thursday. The median forecast in a Bloomberg survey of economists called for 212,000.