In the week ending June 7, the advance figure for seasonally adjusted initial claims was 248,000, unchanged from the previous week's revised level. The previous week's level was revised up by 1,000 from 247,000 to 248,000. The 4-week moving average was 240,250, an increase of 5,000 from the previous week's revised average. This is the highest level for this average since August 26, 2023 when it was 245,000. The previous week's average was revised up by 250 from 235,000 to 235,250. The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending May 31, an increase of 0.1 percentage point ... (full story)

U.S. filings for jobless benefits were unchanged last week, remaining at the higher end of recent ranges as uncertainty over the impact of trade wars lingers. New applications for jobless benefits numbered 248,000 for the week ending June 7, the Labor Department said Thursday. Analysts had forecast 244,000 new applications. A week ago, there were 248,000 jobless claim applications, which was the most since early October and a sign that layoffs could be trending higher. Weekly applications for jobless benefits are considered representative of U.S. layoffs and have mostly bounced around a historically healthy range ... (full story)