WASHINGTON—The number of Americans applying for first-time
unemployment benefits rose slightly last week but remained near
historically low levels, a sign of a firm labor market.
Initial jobless claims, a measure of how many workers were laid
off across the U.S., increased 3,000 to a seasonally adjusted 222,000
in the week ended June 8, the Labor Department said Thursday.
Economists
surveyed by The Wall Street Journal had expected 215,000 new claims.
Estimates of claims are volatile week to week and often
revised. A separate measure—the four-week moving average, which shows
the trend over the past month—rose 2,500 to 217,750.
The report also showed so-called
continuing claims—those filed by workers unemployed for longer than a
week—increased 2,000 to 1,695,000 in the week ended June 1. That figure
is reported with a one-week lag.
Initial jobless claims have risen for three consecutive weeks,
though the gains have been modest. Despite the growth, claims remain
exceptionally low by historical standards, a sign most employers are
holding payrolls steady and even hiring.
The labor market appears healthy overall, though recent reports
have sent mixed signals about whether the market is strengthening or
slightly weakening.
Employers added 75,000 jobs in May, far less than average
growth in recent years, the Labor Department reported earlier this
month. But unemployment held steady at a half-century low of 3.6%.
The Labor Department said this week job openings continue to outnumber unemployed workers, a sign demand for labor is high.
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