Financial News: U.S. Weekly Jobless Claims Unexpectedly Rise To 207,000

U.S. Weekly Jobless Claims Unexpectedly Rise To 207,000

01/06/2022 - 08:35:00 (RTTNews)

(RTTNews) - With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday unexpectedly showing a modest increase in first-time claims for U.S. unemployment benefits in the week ended January 1st.

The report showed initial jobless claims crept up to 207,000, an increase of 7,000 from the previous week's revised level of 200,000.

The uptick came as a surprise to economists, who had expected jobless claims to edge down to 197,000 from the 198,000 originally reported for the previous week.

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