ECONOMY

US Jobless Claims Tick Up, Still Show Strong Labor Demand

Applications for US unemployment benefits rose slightly last week to a level that's still consistent with resilient demand for labor.

Initial jobless claims edged up by 2,000 to 232,000 in the week ended May 27, a Labor Department report showed Thursday. The median forecast in a Bloomberg survey of economists called for 235,000 claims.

Continuing claims, or the number of people who have already filed an initial application and are now claiming unemployment benefits, were little changed at 1.8 million in the week ended May 20. This figure can offer insight into how quickly out-of-work Americans are able to find a new job.

Source : Bloomberg

 

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