US jobless claims rose to 235,000 last week, most since mid-January
·Reporter
Thu, July 7, 2022 at 3:43 PM
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nitial jobless claims unexpectedly edged higher last week in a potential sign the labor market may be moderating amid tighter financial conditions. The print comes ahead of the government's monthly employment report for June due out Friday.
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First-time filings for unemployment insurance in the U.S. totaled 235,000 for the week ended July 2, increasing by 4,000 from the prior week's reading of 231,000 claims, the Department of Labor said Thursday. Economists surveyed by Bloomberg had expected the latest reading to come in at 230,000.
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This marked the highest weekly total since the week ended January 15, 2022.
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