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Jobless Claims Increase Again, Pausing Downward Trend With Biggest Jump Since March

Ben Zeisloft
Jobless Claims Increase Again, Pausing Downward Trend With Biggest Jump Since March
Justin Sullivan/Getty Images

New jobless claims last week greatly exceeded economists’ expectations, despite reports of a recovering economy.

The Department of Labor’s report for weekly unemployment claims reveals that “in the week ending June 12, the advance figure for seasonally adjusted initial claims was 412,000, an increase of 37,000 from the previous week’s revised level.”

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