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The report from the Labor Department showed widespread layoffs the week before, which had boosted claims to an eight-month high.
Weekly jobless claims in the U.S. increased more than expected in May to a seasonally adjusted 240,000 for the week ended May 24, according to the Labor Department.
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US weekly jobless claims fall, but still elevatedWASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits fell last week, but stayed at levels consistent with a further loss of labor market momentum in June ...
Initial unemployment claims posted an unexpected increase last week in a potential trouble sign for the wobbling U.S. economy.
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