US Jobless Claims Jump in Week When New York Schools Had a Break
- First-time applications climbed 22,000 last week to 231,000
- New York, California and Indiana posted the largest gains
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Initial applications for US unemployment benefits rose last week to the highest level since August, coinciding with a recess at New York City public schools.
Initial claims increased by 22,000 to 231,000 in the week ended May 4, according to Labor Department data released Thursday. The median forecast in a Bloomberg survey of economists called for 212,000 applications.