First-time claims for unemployment benefits in the U.S. unexpectedly increased in the week ended May 30th, according to a report released by the Labor Department on Thursday.
The report said initial jobless claims climbed to 225,000, an increase of 13,000 from the previous week’s revised level of 212,000.
Economists had expected jobless claims to edge down to 212,000 from the 215,000 originally reported for the previous month.
Subscribe to continue reading the article.
This article is available exclusively to RTT Biotech Investor and Intelligent Investor subscribers. Subscribe with a RTTNews subscription.
FREE 7-Day Trial – No Payment Required
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
