U.S. unemployment claims jump to nine-week high of 419,000 as automakers temporarily shut plants

U.S. unemployment claims jump to nine-week high of 419,000 as automakers temporarily shut plants
·4 min read

The number of people applying for state unemployment benefits jumped in mid-July to the highest level in almost two months, but the increase was concentrated in just a handful of states and probably doesn't signal any erosion in the U.S. labor market. Initial jobless claims surged by 51,000 to 419,000.

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