Weekly Jobless Claims Up Again; Economists Baffled
More Americans applied for jobless claims last week than the week prior, against economists’ predictions that applications would fall.
The Department of Labor announced that 472,000 people, or 13,000 more than last week, filed for unemployment benefits the week ended June 26.
Meanwhile, in the week ended June 12, a total of 376,000 Americans stopped receiving extended unemployment benefits, or about a tenth of the unemployed who will lose their benefits by the end of July if Congress doesn’t pass emergency legislation.
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