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Published 1 month ago

The number of Americans filing for jobless benefits jumps to the highest level in 10 months

  • Unemployment benefit applications rose by 13,000 to 242,000 for the week ending June 8, exceeding analyst expectations and reaching the highest level since August 2023.
  • A total of 1.82 million individuals were collecting jobless benefits by the end of June 1, a rise of 30,000 and the most since early this year, indicating potential changes in the job market.
  • The four-week average of claims also increased to 227,000, up by 4,750 from the previous week, marking the highest since September.
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