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2021-06-17

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Jobless claims show surprise increase to highest level in a month

Initial jobless unexpectedly rose last week despite an ongoing recovery in the U.S. employment marke

Jobless claims show surprise increase to highest level in a month

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That was the highest number since May 15.\nEconomists surveyed by Dow Jones had been expecting 360,000.\nThe surprise increase in claims comes following a series of incremental steps toward normalcy in the payrolls picture. A year ago at this time, the nation was seeing close to 1.5 million new claims a week amid continued government-imposed business shutdowns aimed at containing the Covid-19 pandemic.\nAs vaccinations have progressed and cases, hospitalizations and deaths have fallen dramatically, employment had been continuing to improve.\nContinuing claims, which run a week behind the headline number, were little changed at 3.52 million. 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