Braking Down The News

U.S. Jobless Claims Rose to 203,000 Last Week

Filings for unemployment benefits point to historically tight labor market

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New applications for unemployment benefits rose for the second week in a row last week but remained near historic lows in a sign of a tight U.S. labor market.

Initial jobless claims, a proxy for layoffs, increased by 1,000 to 203,000 last week from the previous week’s revised level of 202,000, the Labor Department said Thursday.

 

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