Financial News: U.S. Weekly Jobless Claims Inch Up To 221,000

U.S. Weekly Jobless Claims Inch Up To 221,000

11/07/2024 - 08:36:00 (RTTNews)

(RTTNews) - A report released by the Labor Department on Thursday showed a modest rebound by first-time claims for U.S. unemployment benefits in the week ended November 2nd.

The Labor Department said initial jobless claims crept up to 221,000, an increase of 3,000 from the previous week's revised level of 218,000.

Economists had expected jobless claims to rise to 221,000 from the 216,000 originally reported for the previous week.

The uptick came a week after jobless claims dropped to their lowest level since hitting 216,000 in the week ended May 18th.

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