Braking Down The News

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

Filings for unemployment benefits point to historically tight labor market


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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