The Labor Department released a report on Thursday showing an unexpected uptick in first-time claims for U.S. unemployment benefits in the week ended October 28th.
The report said initial jobless claims crept up to 217,000, an increase of 5,000 from the previous week's revised level of 212,000.
Economists had expected jobless claims to come in unchanged compared to the 210,000 originally reported for the previous week.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.