Jobless Claims Rose By 10,000 Last Week : The Two-Way The increase was not expected. It underscores the lingering weakness in the labor market.
NPR logo Jobless Claims Rose By 10,000 Last Week

Jobless Claims Rose By 10,000 Last Week

There were 10,000 more first-time claims for unemployment insurance last week vs. the week before, the Employment and Training Administration just reported.

It says that:

"In the week ending July 16, the advance figure for seasonally adjusted initial claims was 418,000, an increase of 10,000 from the previous week's revised figure of 408,000. The 4-week moving average was 421,250, a decrease of 2,750 from the previous week's revised average of 424,000."

According to The Wall Street Journal, claims "unexpectedly rose last week following two declines, a setback for a sector that hasn't been producing many jobs."