Recurring US Jobless Claims Jump to Highest Since November 2021

US Economy: Jobless Claims Fall, 1Q GDP Revised to -0.5%

Recurring applications for US unemployment benefits rose to the highest since November 2021, extending a sharp increase over the past 1 1/2 month and signaling more people are staying out of work for longer.

Continuing claims, a proxy for the number of people receiving benefits, increased to 1.97 million in the week ended June 14, according to Labor Department data released Thursday. That was above all estimates in a Bloomberg survey.