New claims for unemployment in the U.S. rose by more than expected for the last full week of May, according to figures released Thursday by the Labor Department.
New unemployment claims came in at a seasonally adjusted level of 383,000 for the week ending May 26, up 10,000 from the previous week's revised level of 373,000.
The initial unemployment claims level was higher than the predictions of most economists who had expected new claims to hold steady at the 370,000 level initially reported for the previous week.
The four-week rolling average of new unemployment claims, a figure that eases some of the week-to-week volatility in the reports, showed a slight, 3,750 increase to 374,500 from the previous week's revised average of 370,750.
by RTT Staff Writer
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