Economy

Increase in Weekly Unemployment Claims in America

Increase in Weekly Unemployment Claims in America

The number of Americans filing for new unemployment benefits rose moderately last week, while the previous week's data was revised sharply downward, indicating the continued strength of the labor market. In this context, the Department of Labor noted today, Thursday, that "initial claims for state unemployment benefits increased by 4,000 claims to a seasonally adjusted level of 229,000 in the week ending May 20."

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