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Posted in Business
November 29, 2018

Jobless Claims Hit Six-Month High

Filings for U.S. unemployment benefits rose for a third week to the highest level since May, potentially reflecting volatility around two consecutive periods that included holidays.

Jobless claims increased by 10,000 to 234,000 in the week ended Nov. 24, Labor Department figures showed Thursday. The median estimate in a Bloomberg survey was for a decrease to 220,000. The four-week average, a less-volatile measure, rose to 223,250, the highest since July, from 218,500.

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Read more via Bloomberg: Jobless Claims in U.S. Hit Six-Month High During Holiday Week

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