US Weekly Jobless Claims Fall but Unemployment Rolls Swelling
The number of Americans filing new applications for jobless benefits fell last week, but the unemployment rate
could rise in June as more laid off people struggle to find work.
Initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 236,000 for the week ended June 21, the Labor Department said on Thursday. Economists polled by Reuters had forecast 245,000 claims for the latest week. The data included last week's Juneteenth National Independence Day holiday. Claims tend to be volatile around public holidays.
Technical factors as well as the start...
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