New Unemployment Claims Hit 6-Month High: What You Need To Know

For the week ending July 2, there were 235,000 unemployment claims filed, according to the U.S. Department of Labor . What Happened: The seasonally adjusted figure for first-time claims was 235,000; this is an increase of 4,000 from last week's figure of 231,000. The number of new claims surpassed the four-week moving average of 232,500.  In addition to an increase from last week’s reporting, this figure represents the highest unemployment claim number since Jan. ... Full story available on