Unemployment claims in the US remain at the peak of 1.5 years

The US Department of Labor has released data on weekly jobless claims.

Accordingly, the number of people claiming unemployment benefits for the first time in the country remained unchanged compared to the previous week, reaching 262 thousand in the week ending June 10.

Unemployment benefit applications were expected to be 245 thousand in this period. The previous week’s data was revised from 261 thousand to 262 thousand.

On the other hand, ongoing unemployment claims rose to 1 million 775 thousand in the week ending June 3rd. The expectation was 1 million 768 thousand.

As of last week, 4-week average unemployment benefits applications increased by 9 thousand 250 people compared to the previous week and reached 246 thousand 750, the highest value since November 2021.

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