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Filings for unemployment insurance increased last week, indicating new snags in the labor market’s recovery.
Weekly jobless claims came in at an unadjusted 412,000 last week, according to the Labor Department. The median estimate from economists surveyed by Bloomberg was for 370,000 claims. The reading snaps six straight weeks of declines that had pulled claims to several pandemic-era lows.
The prior week’s count was revised to 375,000 from 376,000.
Continuing claims, which count Americans receiving unemployment insurance payments, rose to 3.52 million for the week that ended June 5. The median estimate was for 3.43 million claims. details ⇒
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