Here's What Happened When an Arab-Israeli Activist Attended a Pro-Hamas Rally in NYC
Bill Maher Couldn't Keep Quiet About This Woke Issue Anymore
The Kennedy Family Is Pretty Damn Gross and Still Joe Biden Is Worse
We Were Warned
A Quick Bible Study Vol. 214: What the Bible Says About Passover and...
What Can Be Made Fun of and What Can't
Trump Attorney Calls for Judge Overseeing Hush Money Trial to be Dismissed
Media Outlets Purposely Leave Out Key Detail About Would-Be School Shooter
Prepare to Shell Out Massive Amounts of Money for Taxes If Biden Is...
Democrat Makes Bizarre Comment on the Russia-Ukraine Border After Massive Aid Package Pass...
Well Of Course They Hate America
Netflix Movie Boosts Program Helping Disabled Veterans
Biden Admin Faces Heat After Announcing Drastic Plan That Fuels Radical 'Climate Change'...
Democrats in This State Want to Become a ‘Sanctuary’ for Kids to Access...
'Repulsive:' MTG Goes Scorched Earth After Massive Ukraine Aid Package Approved
OPINION

Jobless Claims Unexpectedly Climb in the U.S.

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
Advertisement
Advertisement
Advertisement
U.S. initial jobless claims unexpectedly rose last week, a sign that the labor market is struggling to gain traction.

Jobless claims increased by 1,000 to 427,000 in the week ended June 4, Labor Department figures showed today in Washington. Economists surveyed by Bloomberg News projected a drop in claims to 419,000, according to the median forecast. The number of people on unemployment benefit rolls and those receiving extended payments decreased.

Advertisement

Some employers are cutting staff as demand slows because of elevated energy prices, falling house prices and tight credit. The economy generated the fewest jobs in May in eight months and the unemployment rate rose, a report showed last week.

“The labor market is obviously struggling,” Michael Feroli, chief U.S. economist at JPMorgan Chase & Co. in New York, said before the report. “I expect claims to stabilize and eventually come down.”

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos