U.S. Department of Labor weekly jobless claims report

U.S. Jobless Claims Surge to 10-Month High, California Leads with 242,000

Jun 13, 2024, 01:04 PM

U.S. first-time unemployment claims have surged to a 10-month high, indicating a potential easing of labor market conditions. The number of Americans filing new claims for unemployment benefits increased by 13,000 to 242,000 last week. Additionally, the four-week moving average climbed to 227,000, marking the highest level since September. California has seen a significant rise in joblessness, contributing to the overall increase in claims.