U.S. Jobless Claims Unexpectedly Increase to Seven-Week High - Ester Holdings

U.S. Jobless Claims Unexpectedly Increase to Seven-Week High

Bloomberg.com — Filings for U.S. unemployment benefits unexpectedly rose to a seven-week high while remaining consistent with a tight job market, Labor Department figures showed Thursday.

Unemployment-benefits applications below 300,000 are generally considered consistent with a healthy labor market, and the latest tally still isn’t far from the 48-year low of 209,000 reached in April. The claims figures, which tend to be subject to swings, have been on a declining trend as a widespread shortage of qualified workers spurs employers to retain staff while offering more perks to attract new ones.

The May jobs report due next week is projected to show payrolls expanded by close to 200,000 while the unemployment rate held at April’s 3.9 percent level, which was the lowest since December 2000.

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