U.S. Initial Jobless Claims Rise by 7,000 to Highest Level Since November

US initial claims for jobless benefits rose by 7,000 last week to a total of 251,000, the US Department of Labor reported today. This is the third consecutive week that claims have risen; they are now at their highest level since November 2021.

CNBC reported that Dow Jones had estimated 240,000 applications for the latest week.

Meanwhile, the four-week moving average of initial jobless claims rose by 4,500 in the week ended July 16 to a total of 240,500.

While reaching their highest level since November, claims remain below the level most economists see as presenting a threatening signal for the job market and economy, Reuters reported.

Original Article: (https://www2.staffingindustry.com/Editorial/Daily-News/US-initial-jobless-claims-rise-by-7-000-to-highest-level-since-November-62369 )