U.S. jobless claims rise; labor market still tightening

U.S. jobless claims rise; labor market still tightening

The number of Americans filing for unemployment benefits unexpectedly rose last week, but the underlying trend remained consistent with a tightening labor market. Initial claims for state unemployment benefits increased 3,000 to a seasonally adjusted 244,000 for the week ended Aug. 5, the Labor Department said on Thursday. Data for the prior week was revised to show 1,000 more applications received than previously reported.

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