Initial Jobless Claims Jump by 32k Thursday, May 16, 10:52 AM ET
This morning, the Labor Department reported the number of Americans filing for initial jobless claims rose by 32,000 last week to a seasonably adjusted rate of 360,000 applications. This latest report comes after the jobless rate touched a new five year low last week. Despite the jump in initial claims last week, economists remain confident in the jobs market citing the usual volatility of the weekly reports. The US markets were higher on Thursday morning.
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