U.S. Initial Jobless Claims Rise to 225,000 in Latest Week
Initial claims increased 13,000 to 225,000 for the week ending May 30, above the 215,000 estimate. Continuing claims fell 8,000 to 1,777,000 the prior week.
wolfstreet.comU.S. initial jobless claims rose to 225,000 in the week ending May 30, an increase of 13,000 from the prior week. The figure exceeded economist expectations of 215,000. The previous week's reading was revised upward to 212,000.
Continuing claims, a measure of people receiving ongoing unemployment benefits, declined by 8,000 to 1,777,000 in the week ending May 23. The continuing claims total came in below the 1,780,000 forecast. The prior week's figure was revised to 1,785,000. Data releases track weekly movements in unemployment filings and benefit recipients across the United States.
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