First-time claims for U.S. unemployment benefits increased by much more than expected in the week ended June 3rd, according to a report released by the Labor Department on Thursday.
The report said initial jobless claims climbed to 261,000, an increase of 28,000 from the previous week's revised level of 233,000.
Economists had expected jobless claims to inch up to 235,000 from the 232,000 originally reported for the previous week.
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Forex News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.