Thursday, January 21, 2016

US jobless claims jump to 7-month high

New claims for US unemployment insurance benefits jumped to a seven-month high last week, the Labor Department reported Thursday.      Initial jobless claims rose by 10,000 to 293,000 in the week ending January 16, the highest level since early July. But claims, a sign of the pace of layoffs, have remained below 300,000 since late February 2015 as the jobs market tightens.

Read more at Yahoo News
(Hat tip: KimR)


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