The number of Americans filing new claims for unemployment benefits rose significantly last week, indicating a slowdown in the labor market amid increasing recession risks. The Labor Department noted today, Thursday, that "first-time claims for state unemployment benefits increased by 28,000 claims to a seasonally adjusted level of 261,000 for the week ending June 3." Economists surveyed by Reuters had anticipated 235,000 claims for the latest week.
In America: Increase in Weekly Unemployment Benefit Claims
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