US Initial Jobless Claims Jump To 4-Month-Highs
The short version
- Source: Bloomberg Pennsylvania, California, and Minnesota are the states seeing the largest rise in claims last week...
- Continuing jobless claims also rose last week to 1.795mm Americans - highest in two months, but still relatively low in the context of the last two years...
- Source: Bloomberg The bottom line is that while initial jobless claims are rising, they remain low by historical standards and continue to run below year-ago levels .
- Taken together with the May payrolls report, the data suggest that labor-market momentum remains firm.
The story
The number of Americans filing for unemployment benefits for the first time jumped to 229k last week (more than the 220k expected) and the highest in four months...
Source: Bloomberg
Pennsylvania, California, and Minnesota are the states seeing the largest rise in claims last week...
Continuing jobless claims also rose last week to 1.795mm Americans - highest in two months, but still relatively low in the context of the last two years...
Source: Bloomberg
The bottom line is that while initial jobless claims are rising, they remain low by historical standards and continue to run below year-ago levels.
Taken together with the May payrolls report, the data suggest that labor-market momentum remains firm.
How other outlets covered this
Compare allAlto found this story at 2 outlets. Same event, different framing — compare the headlines.
How this story developed
Full timelineAlto has tracked this across 51 days of coverage from 2 outlets.
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