US Jobless Claims Surge to 242,000 for Week Ending June 8th, Highest Since August 2023

Jun 13, 2024, 12:34 PM

The number of initial jobless claims in the United States has risen to 242,000 for the week ending June 8th, 2024. This figure is significantly higher than the market expectation of 225,000 and marks the highest level of jobless claims since August 2023. The increase of 13,000 claims from the previous week's 229,000 suggests a weakening job market. Some reports indicated the number could be as high as 245,000.